At this point, I have already exited all dollar-bearish positions (including yesterday's EUR/USD and USD/CHF) with sizeable individual profits totaling over 400 pips since last week.
I am wary of current situation where the trend reversals, in some cases, have already exceeded the 50% Fibonacci retracement level. Thus, I will be standing on the sideline tomorrow, but will still continue to building up the data needed for next week's trading.
Actually, there is a new trade (not a dollar pair) I have just entered this evening based on seeing a new breakout, which is a short position on EUR/GBP with the opening level at 0.6680.
I am wary of current situation where the trend reversals, in some cases, have already exceeded the 50% Fibonacci retracement level. Thus, I will be standing on the sideline tomorrow, but will still continue to building up the data needed for next week's trading.
Actually, there is a new trade (not a dollar pair) I have just entered this evening based on seeing a new breakout, which is a short position on EUR/GBP with the opening level at 0.6680.
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