Looking for a pull up to sell today. Aware that down below there could be a bear trap. Waiting ... waiting....

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Not so keen on shorting anymore

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Going down as we were supposed to yesterday. market had a hiccup. Too many sellers involved yesterday. Bumped up to take them out

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Pretty sure we will get a drop to 1344 at some point. price just wants to bump the level top. It’s been there forever however. Not getting what it wants, clearly...

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Market is probably cleared of players at the moment. Expecting a rise at some point to precipitate the downward movement eventually though

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Downside for now. Looking for price action to produce a sign that it is done dropping. Haven’t seen it yet.

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Well done. looks like the trap is down at 1260 so far. taking profits off and BE locking the runners

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Time to aim short 1250 seems a reasonable target but I am wary of bear traps under this market.

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Shorting 1.1280 looks interesting if price action confirms. More downside to come yet. yes 1.1310 looks interesting but given yesterday’s stalling in the area I’m doubtful we’ll get back there. But we will see . A break up of 1.1285 should be ...

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Well the drop off fakery at 1.1302 had no basis in reality. Look to the left of the chart and there were no heavy sellers there, other than a huge short move that happened higher up!

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Bit of a stophunt/early short inducement is over. Just got to wait until expected reaction at the topside shows up

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I feel that there a lot trapped long from yesterday’s PA and we’re now down a level. Expecting some short action around 1.131

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Market attempting to trap long. yes we are going up eventually but not safely from here IMHO

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I’m seeing this as a short now for the rest of the week.

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Looks like the short stalled and the market rolled over. Looking long some more until above the market somewhere.

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So far a short seems to be setting up, but you know what they say about taking inventory on unhatched eggs.

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Agreed. Above 1.12 is my target

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It’s Friday. Time for the bears to cash out if they didn’t yesterday.

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Being the world’s reserve currency, the US can QE to infinity amd rack up endless debt and it doesn’t matter. Any notion that there aren’t gangsters running the USA disappeared a long time ago. But China and Russia are run by their own mafia anyway. ...

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Beware the bear trap

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