Why is the $US tanking?6pm oct5
- Thread starter zf trader
- Start date
shorting 1.1997 expecting retrace to 1.1950 min in eur/usd pair.
stop 1.2083, target 1 1.1947
through enquiring the old we learn the new
through enquiring the old we learn the new
Quote from FXsKaLpEr:
MS, we just clicked past 1.2010.
this is not the time to be shorting EUR/USD.
where's your "stop loss?"
You should no better than to watch every tick. Plus it's only -13 pips at time of your post.
Time of my post -4 pips, almost the spread for crying out loud.
Problem is that you do not see the forest because of the trees. On weekly chart the 1.1950 area is the neckline of a Head-and-Shoulders formation and this is an opening gap by MM. It is my bet we will test that level again.
PS 22 September attempt stopping river. Flow strong and unsuccesfull. River start flow 6 September and has not reach big water. River take many shore with it, can not fight strong water with small bag sand. Curent no show slow down.
japanese saying:
put a lid on what smells bad
mokarimakka