3 x Charts, May 10 , June 10 and continuous. position:Both short positions from yesterday at 86.00 and 86.04 closed out with a profit at the green centre line at 83.35
June 10: Sold at the MPL which coincided with the magenta LMLP in the May chart. ie the retest i mentioned this morning. Stop 23 pips above at the upper MPL at 86.26. This market is going lower but i would look to add extra position at a re-test of the June red LMLP if it got that high before the short covering rally which may see a rebound next week to 86.00 before further we see weakness and downward movement.
For tonight.... it is probable that we will take out the previous swing low at 83.75
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