As in my previous idea linked below I reached my 3 targets riding the retracement from the high on Monday!
So I thought I'd try to catch the ride down a bit further... Hope I'm not overdoing it - greedy...? ;-) I will use smaller lot sizes than regular, don't wanna eat up my profits... Buy limit and sell limi are in place!
The fib levels and 100- and 200MA could provide some good SR levels. We may see PA bouncing between the 2 MA's, certainly when there's confluence with fib levels or previous structure levels.
Tight SL on the long and a bit bigger on the short.
Wish me luck...
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KVE
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Entry missed on the short position..., entered short just before release of GDP and initial jobless claims since forecasts were positive for the dollar and pair was stalling around the fib level, waiting to go through.
Covered the short in 30 min. since momentum was not very strong, small profit of 30 pips booked.
Now entering long, don't see the retracement going too much lower, maybe a last spike down and then on to new highs @ 1.18 with a crash following...???
KVE
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Retracement started before we reached the fib level and my first entry, cancelling the buy limit, sell limit still in place...
Covered the short in 30 min. since momentum was not very strong, small profit of 30 pips booked.
Now entering long, don't see the retracement going too much lower, maybe a last spike down and then on to new highs @ 1.18 with a crash following...???