Yes Friday 13th - not a lucky day for some - but business as normal for me
Unfortunately - out this morning for a few hours and so might not be back until nearer lunchtime - so emphasis will be probably more on the early US session than the first half of the European Session
Will do a reviews on my main key pairs I normally trade and will see if I can get a NPGT trade on any before I leave.
After another fall yesterday - we still did not end up going under the previous week's low of 3503 - instead a HL at 3511 rather than into the 3400 price area
Since then price made 3571 and is currently this morning at 3558.
We have had nearly a 500 pip fall this last 5 weeks and the EU therefore has bear bias - but since earlier on this week we are seeing daily HH's and so might be trying to go back into the 3600 zone again
I would scalp buy up to say 3680 - 3730 - as it could easily pullback up that far - but whether that happens today or early next week - I have not got a clue.
We would need above 3630 to see a dynamic trendline R break and really over 3750+ for thinking we are turning back up again - so for now any scalp buys are against the monthly trend
Normally Swing traders would sell on swing highs or pullbacks - and the market knows that - and so further price falls and sells might not be that smooth etc
I think if we do test under the low and 3500 today then we might find more supports at 3480 or 60 area.
The EU is oversold and so if we test 3580 or 3600 it would be quite normal - as traders take profit out and look for new areas to sell
Above 3550 I favour scalp buys and maybe then only scalp sells at around 3570-80 or 3600 area - or back down under 3540 and of course under 3510 and 3500
Cannot imagine keeping a NPGT on this morning on this pair for now ;-) - but my scalp buy is already 7 pips in profit - so I can at least lock 2 pips on at 30% for now