Short To Support Trendline Will See how news on covid develop if we can get a break or will this be pull back and Try and push to the Trendline Resistance.
We sold to support Profits booked. Buy Trades Triggered at support, Will ADD if NFP is Positive
Support Help at 132.50 Going Long Small Size Entered Yesterday, Today NFP if support Holds I will add more to my buy position. Targets @ 140 - 142 area
WE SELL TO SUPPORT THE BUY THE DIP
Price reached the trendline resistance! This can give a sell entry short term to the 50% Fibo retracement from the last two weeks rally!!! When support hold at the 50% Fibo we Buy with Targets @ 142.30 This can still be risky as long as we stay in the wedge! A RISK AVERSION MOVE IS POSSIBLE (long term).... BUT IN SHORT TERM APPETITE IS LEADING FOR NOW!
Currently I will sell to trendline support with a small Lot. Support 1 & 2 Holds - BUY 1 Full Lot When Trendline Resistance on the Wedge Downtrend Breaks and Holds as Support add 1 more Lot to your buy trade!! Targets 145 and 150
Price Closed Above the 50% Fib Retracement from the COVID-19 Colapse, Therefore I would Buy to 1.26 THE 1.26 AREA will be a good area to look for sell entry if the 200mva can hold!!!