go bears go

The bears are now in charge of the market. I have been selling on rallies even though the past fews days' price actions were quite annoying.

Now I will ride the profit from the half position from the shooting star set up that I mentioned here.

Simple rules in forex trading - in a bear market, just sell the rallies... in a bull market, buy the dips.

Below is the hourly chart as of 8.10 am Malaysia. Expecting a slight bounce at 142.00 before the the beast continues downwards journey....


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