Few points against shorting EUR/USD

USD/CHF
as ref to the my last euro post...
same story with Weekly...
1.34 area to 0.88
this is insaine if this works...
Oh well if true then this is a disaster for USD and World Economies...Should take two years for it to this...
anyone agrees? Thanks...
Just Looks really bad..:confused:
 
Quote from kalzayani:

Eur...Look Like Diving Now from 1.1720 right into 1.16
More...
No disrespect at all, but as someone has pointed out, your calls on ET had been a great, consistent contrarian indicator.

If anything, this morning, on multiple time frames, 1.1730s presents a compelling, extremely attractive (risk/reward) opportunity for a LONG EUR/USD. At least 50-pip stop loss (not higher than 1.1685), 150+ target above 1.1880. Ditto for GBP/USD, from 1.7340s, with 60 / 250+ SL / TP. Risking 3-5% for a 9-15%+ return on euro or 12-20%+ on cable.
 
I just don't know how he comes to his conclusions. And when I ask, I'm rewarded with a table of numbers that mean squat, and have nothing to do with my question.

To quote Mr. Chris Rock:

What's 4+4? Answer: Jello
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Sold USDJPY at 117.15. A regular ABC zigzag correction seems to have reached its target. 117.09 support held today. Oversold conditions. Since this is a positive carryover trade, GAIN has adjusted my cost to 117.10. Stop loss now placed at 117.11. The trend is Deptrai's friend.
 
Quote from Deptrai:

Sold USDJPY at 117.15. A regular ABC zigzag correction seems to have reached its target. 117.09 support held today. Oversold conditions. Since this is a positive carryover trade, GAIN has adjusted my cost to 117.10. Stop loss now placed at 117.11. The trend is Deptrai's friend.
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Don't you mean "bought", not "sold"?
 
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