For the ones liking to catch a falling knife

If there’s any corrective activity to be had in the risk off slump, it should be from this level imo.
23.6% fib of the Feb/March decline and a trend line support from early March .
Below there sellers take firm control again.
I’m trying a small long @ 147.80 with a 15 pips stop, just under the low of the day 147.68. See if we can make it back to 148.25/50 before reassessing.
It’s a short term try, corrective, reinvesting a small bit of the cash made on JPY longs past sessions.

 

 

K-man

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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