I'm very long. This momentary retest of the breakout of the descending wedge should be over. I see up from here :)
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I'm seeing this possible scenario play out with UJ
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going back to the previous update, i'm brainstorming ideas that could happen with this pair come monday and tuesday, and I wouldn't be surprised if we get a triangle formed. However, i do NOT know when the bottom of this correction will be until the market shows me.
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Depending on how fast we get to the top depends on if we break through or not
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oh yeah by the way, UJ should see more pullback
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actually i may be reconsidering that statement
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If we can break that top trendline we should continue up strong. If not, then we'll go much lower.
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I reconsidered that statement and went long 15 minutes after the weekly open. I dont usually do that, but we have some high impact news event tonight for the dollar, and I anticipate that EURUSD and the rest of the majors may be good to trade on a Sunday actually. I dont have a firm "no Sunday trading" rule, because I understand that depending on market conditions, making a trade on a sunday may be a very fruitful idea.