ofcourse I would like to see reaction that has always or will be on the top of everything, no matter what market makers and banks looking to do, my own decisions has help me achieve consistent success specially when it comes to trading historic levels.
We all are prone to feel excited when market take turns at historic levels and euro behavior is no different and If for strong reason of short covering, market turns and surprised speculators and investors to cover earlier positions or reverse or even hedge to protect earlier profits and that is what panic is all about.
Trader should always remain ready for such turns and if there is no level then there is no need to turn the paddle and try to enter in between a move and that is why I look to see if price action has manage to breach a level and how it reacts when a move is finished or pause ans try to test the level once again and this is where decision-making help you gain confidence this also require much lesser stop and react with patience when such scenarios appear.
I will update the blog with video and chart for the following trade recommendation.
Trade update 7th december 2022
Usd/chf pending sell limit
Current Market price 1.0100
Trade type Pending sell Order.
entry 1.0182 (sell)
stop 1.0220
target first 0.9950
(I would like to keep my targets open as there are more important levels to target)
