Goldmine!

Hello again,

Just posting an update...

Shorted the fall that started around 1.2340...got in way too late...didn't follow my rules :( . Took a 6 pip hit. Looking to see if it is finally turning up.

Please see chart notes.

Take care,
 

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Price is in a fight...notice the long shadows. No chart attached but you should be able to see them on your live charts.

Time to wait for confirmation before opening a position.

Be watchful.
 
An add-on comment that might help someone...

About this trade...

Trade was actually profitable, but I wanted more after entering late. Lost what I did have. Oh, the joys of trading :).

Bye for now.

Quote from FX4Newbies:

Hello again,

Just posting an update...

Shorted the fall that started around 1.2340...got in way too late...didn't follow my rules :( . Took a 6 pip hit. Looking to see if it is finally turning up.

Please see chart notes.

Take care,
More...
 
The worst thing to have at a time like this is an opinion. I think it is best to let the market make the first solid move.

Enjoy the break.
 
What can I say...just love those Pitchforks! Perhaps the news brought the delay, but the price target was hit. Second chart shows a revised Pitchfork to account for detour.

The bullish sentiment prevailed.

Will try to post again by Asian session. It has been a hectic morning
 

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