I apologize that I have not posted in a while. My family obligations have been too important since early this year. The EJ monthly timeframe is in an upswing and I am selling retracement off the daily timeframe. The pair has slowed and I am looking at the trendlines illustrated in the chart. When the position retraces through the trendlines, I will remove the position and resell from 117.54- which is a nice possible buy if the trade comes in. Otherwise I will look at the candles around the .382 and evaluate reselling into 114. Thanks!
Trade active
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Sell at 117.18 has triggered
Comments
hope.bleecker
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That gave me about 50 pips with the auto trail and then bam.... I was out and this puppy is LONG.. has officially reversed and we are looking for longs going to 130... will update. Thanks!!
IvanBonilla
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I believe there is a Gap to 120
hope.bleecker
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@IvanBonilla, Hey there Ivan. I see it as a more profound move up to a deeper level. Will post and copy you on what I ma looking at for Fibs and then we can trade it together perhaps. You understand where and why I exited the short on this?
Julmen
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You do not have to apologize!! Welcome back! :-)
hope.bleecker
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@Julmen, I hope that you are having a great weekend and will see you during trading next week. I believe we are coming into support for EJ. Take care.