Market has gone even lower, and the next BUY level @ 124.80 is insight. I would stick to that view, adding at that level.
Strategy BUY current @ 1.2530-1.2540 (if new) or if long add @ 1.2480 again. Profit taking @ 1.2887 for now.
The market is extremely oversold, and pattern seems showing indication of slightly lower levels to be seen. However, that is a buy opportunity and for value trading this is fine.
For those reading my updates only recently, please understand I trade low leverage and manage that very carefully. Do not over-trade. Sometimes people ask me, and for me majors I start 0.5x when trading this way. Then gradually I build it up.
For none-liquid pairs including commodities and metals I might start only 0.25x or 0.35x. The aim is to create value per total position. returns per total trade can vary between 3-15%.
Strategy BUY current @ 1.2530-1.2540 (if new) or if long add @ 1.2480 again. Profit taking @ 1.2887 for now.
The market is extremely oversold, and pattern seems showing indication of slightly lower levels to be seen. However, that is a buy opportunity and for value trading this is fine.
For those reading my updates only recently, please understand I trade low leverage and manage that very carefully. Do not over-trade. Sometimes people ask me, and for me majors I start 0.5x when trading this way. Then gradually I build it up.
For none-liquid pairs including commodities and metals I might start only 0.25x or 0.35x. The aim is to create value per total position. returns per total trade can vary between 3-15%.