The Bigger picture .....
Im gonna be quick here ,
Do not panic , USD weakness and Eur strength on this pair has seen this push above the T/L resistance , Drawdown can be nasty but in the midst of the MKT chaos I find its always good to scale out and look at the bigger picture , I feel this is going to the 200MA , its also where the 0.786 fib is , but then it will turn over like before . I have been scaling in along the way up ...
Who else is feeling the pain of draw down lol ??
Do not panic , USD weakness and Eur strength on this pair has seen this push above the T/L resistance , Drawdown can be nasty but in the midst of the MKT chaos I find its always good to scale out and look at the bigger picture , I feel this is going to the 200MA , its also where the 0.786 fib is , but then it will turn over like before . I have been scaling in along the way up ...
Who else is feeling the pain of draw down lol ??
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