EurUsd

Still nothing sustainable below1.10. If I were looking at this market without fundamentals, I'd just scalp it. But funnymentals say hold a small short position. The Euro zone has lots of risk, political, financial.
 
Cswim63 said:
Still nothing sustainable below1.10. If I were looking at this market without fundamentals, I'd just scalp it. But funnymentals say hold a small short position. The Euro zone has lots of risk, political, financial.
More...
After brexit this pair become randomly if look on candlestick, low timeframe, maybe many trader only choose for scalping on this pair, but still use risk reward ratio
 
Cswim63 said:
Ok that's what I thought would happen, random 50 pip drop out of nowhere. Sell the first retracement back towards 1.10
More...
So according your analysis now will safier if we open sell and waiting price retrace first to area 1.10xxx, still need carefully, in my opinion pair on support area waiting for next week market
 
I think that EUR/USD asset will go down.
ee77bb5556584ebb996926b8893f712f.png
 
I been long Euro since Mar 2015, have tried 14 add-ons and keeping 5 of them, hedging works.
This market is in sideways chart pattern with higher lows, sideways is accumulation phrase and normally will go up, longer the sideways, farther up should go. I cannot short this market as be against my Trading Plan. This market has to go to at least 1.46 for me to short, it is also one of the currencies I have exchanged funds in different account and exchanged from USD to Euro, I been doing this a over twenty years, then when it is too high against the dollar or another market that is too low, I will exchange into those. So I can do very well and never make a trade with exception of the currency itself. Eurex I can trade and not have to pay more exchange fees as it is already in Euro currency. TaaaDaaa. You can learn something new.


upload_2016-8-19_10-44-57.png
 
Yes I have a rule on flags. If so it's short it suggests continuation. A flag that won't break given lots of chances is very suspect, usually means reversal. Here you do have higher lows. Despite lousy fundamentals, the bearish case seems suspect.
 
On last day market, eurusd I see already on resistance area, and daily timeframe figure out bearish candle although still not yet break lowest previous daily, might still need to waiting next week update market
 
Today indeed eurusd figure out bullish candle daily, but not yet reached higher high previous daily, still possible will reabound on newyork session later, trend not only on one direction
 
You must log in or register to reply here.
Back
Top