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Way too many stops at 1300 area for it not to be targeted in the...

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Barolobill

7,788 Posts.

189

19/09/17

19:34

Post #: 27325239
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Originally posted by Goldbullsach ↑

Shorted it from 1320 down last night then played the pips today with very tight stops( surprisingly well for my skill level) but now holding off to see what NY does. Can imagine stop raids this week could be brutal so will see if I can hold off for a bit and control the urges. Will look to short again tonight if it's the direction of choice

I see 1290-1295 as most important here and believe it could be tested in next 2 days. If no hawkish speak from fed I can see it bouncing hard once again into 1350 and will want a slice of that move once low spike has played out (if it does in fact break 1300)

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Way too many stops at 1300 area for it not to be targeted in the short term. Will take a very bullish outcome to stay above that level. I'm looking to enter long on a smash below $1300, when all the TA traders freak out
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