Depends on the time frame I guess, and what I am doing here is trying to capture USD strength, so I am running two sets of shorts one on the EURUSD pair and one on the GBPUSD pair.
So... yes a buy could be at the level you mention fer sure BUT, I am playing on the one hour chart, am in the positions (positive) and as yet have not got an equivalent buy signal (though admittedly on the EURUSD one could concivably have occurred on the last low, certainly no equivalent on the GBPUSD), on top of all that, I am actually playing for what I have as gaps on both the EURUSD and GBPUSD charts from monday, and working on the previously observed premise and trading, that oft when a gap widens through the week, it comes down close to closing and in fact oft closes at the end of the week.
SO still a few factors that in my opinion don't yet negate the trades, we shall see of course and I've got the stops in well in profit at this stage to enable me to get out without loss.
I am in part relying on the fickle nature of FOREX to give a few buy signals along the selling journey.
