All my reasons for taking this trade are in the attached chart.
Hi Oasis looks good and a definate early signal of some sort of reversal. I will not get into it now but wait for a retrace but most importantly a 4hrly close above my weekly pivot would be key. However the safest would be to break and hold above my monthly pivot at.88590
Hello Glider, I trust you are doing well. This reversal is really powerful. In half a trading day it has gained back the losses of the previous 4 days. I am up 30 pips at the moment and am not sure if I will leave this trade open. As you say a retrace should come, but I am not sure about it due to this turbo-charged move up.
Have a good weekend.
Actually I would be more inclined to get short on this one on any retrace.
Glider/ Oasis, Long, Long , Long on any Retrace and don't think twice
Hi Oasis all bears well. As you say the move up has been rapid and it is the first time that our moving average trendlines haves been broken and our Ma's seem pretty much the same.May a drop of water turn into a raging mass of water flow:-)). Hi Brian and thanks for your interest.You guys too have a good weekend.
See price now, through the roof, nice ride it Oasis
OK, thanks Brain and Glider - will let this run until 4pm today and see where we stand. My broker closes at 5pm EST so still have time to decide about an overnight position.
and Glider what was that about going short ??????
Lets see where are we now:-))). Yes right Oasis a brilliant move up. Don't get me wrong if cadchf can break through the current level great. Break and hold key for me now.
Oasis, Glider, the range is 0.8880 - 0.8704, below we have 0.8778, 0.8765, should hold above these levels
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