little short in here somewhere, and then "buying the dip". Targets are optional, but for our beloved Cypher the ultimate target is the parity. not optimistic about it but thats the setup. be safe.
After getting stopped out on my gbpusd 1.5300 short (barely b/e) i did not know what happened, cuz its no everyday a daily setup failed on me. So i tried to do some serious thinking and i think i found it. DAILY CYPHER. yeap it was so perfect if i saw it in time i would've sold my house and bet on this shit. but, then again it is too late. Well at least we've...
this is a natural behavior with eurusd - false higher high just to form a H&S and break. we have seen it many times, and i hope to see it again. setup as described above.
i would like to see some kinda HS formation and go short from there, but unfortunately this idea requires a large USD pullback which is not consistent with my reality. but the chance is there and i took it the rest i will leave to hands of mother market.
AB=CD completed 1st target 1.0150 UPDATE: 1st target hit - trade is free.
trade above had 1.0185 target that got hit just before RBA announcement. and activated the buy limit order at the same time. The position size tho will be relatively smaller, since we do not wanna give back what we just took.
both shorts and longs are holding, but if i had to choose...