From this point I buy back if M30 closes above 1.1970 or if it reaches 1960

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image

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Sold 25% of my long position at 1.1980 as it takes too long and as three slightly higher tops are dangerous. Will buy back at 1.1960 or if momentum returns again above 1.1985.

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Ok thanks! Yea the tread has 6509 pages in the meantime, have not managed to read them all yet..

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Hey Ata, stupid question - why do you never (?) trade rinse and repeat when the euro is rising?

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You push it to the limit, like a real tacco

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Yeah, breaking 1.20 in the overnight session would be badass but nice

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I think so too. I reckon it goes to 91.444-91.5, then rebounds a little, then to 91 and rebound to 91.5 and then it collapses to 88.5. Several support lines point to 91, which is why I consider 91 to be an imporant fix point.

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yes exactly like this

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It converged

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M5 might show a small rising wedge, not sure, but M15 looks bullish

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Come on shorts, trigger your stop losses and push it through

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Potential supports in green - shows that the resistance of the precious channel coincides with the downwardsloping support at 1.1950 region. I think this is already a good opportunity for scaling longs or buying dips.

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In my view the thick green support will hold. Has exactly the same slope than the previous downward sloping supports and was testet successfully already.

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1.1975 connects the last two highs, should also be a strong short-term resistance

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Early bird sellers kicking in

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This trend looks so potent, I just cancelled my partial sell order, rather want to keep all my longs until it forms a rising wedge, double top or something like this.

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As many seem to eye the 1.1980 region, I expect a sharpe retreat from there, only to be followed by an explosion back above 1.20 shortly thereafter. Maybe I should also sell a couple of lots at 1.1975, just in case..

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We were in this range for such a long time and now that we broke out the price should already return? Why? Well on the other hand there might be a very flat rising channel which you probably refer to, but still, the breakout should go further than ...

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Mind telling us what those assets are? They are probably linked by a no-arbitrage relationship.

EURUSD only