Leverage Cutting Both Ways

I found that I have the most buying power or leverage with the euro against the dollar .And often I have to rely on my intuition to determine which side to play............ the bullish side or bearish side . In this case we have current price at 1.6647 which is where it closed on Friday. Should I aim for the 1.17 continued to ride the trend or expect the pullback and begin to cover short positions at 1.16 and then down to 1.15? That is why references like this are so important. I can begin to show how I manage and the logic for applying leverage when in a winning position. The system is designed to have two areas above and two areas below price. And for today we have a potential resistance at 1.16756 and 1.16776 and that is a more immediate sense of where it can trade again on Sunday night into Monday morning that is well within reach but above that there are the price levels at or above 1.17. Historically price has not stayed there for very long before dropping down very quickly. Based on how this is trading it still looks bullish and the trend is intact, the hardest part of trading I think a bend at the end But price has moved far away from its moving averages, and it will have a tendency to mean revert. I have not seen the euro this quickly in a very long time The logic for today's short entry was based on the natural tendency for price to drift back to the figure which is 1.16. And in my view the long green candle created on July 20 is like a pocket of air which bring price down to its origin of the rally which happened between 1.1416 and 1.15046. The support and resistance levels I have marked on the short on our return lines but they are in reference to past behavior. The red ones are resistance and the green ones are support When we revisit this chart next week I would be able to tell the trading conditions and how to manage trades in between two extremes of price points. And if price does have a way of "gravitating" to certain levels like in our situation 1.15 I can examine the gap between the supply above and the willing buyers that want to get it at lower prices. Because this chart has the 3 hour interval point of view there is still some noise whereas the daily chart is much cleaner, but the system of trading off of support and resistance levels as more opportunities for higher frequency timeframe were four or five trades are taken in the day. Because I shoot for more trades in a day to reference the three-hour chart and one hour chart We can easily reach 1.15 or 1.17 based on the speed at which the euro is moving.