Do not short the EURO yet! Wait for a good entry.
Hello,
based on several indicators, as well as experience and my gut feeling which is right most of the time, shorting the euro before 1.15 is simply not worth it.
1.15 is a good strong level thought, Good idea to short it once it gets there. 1.15-1.155.
maybe the euro does not go that high, so we simply wait for the next drop and retrace...
Same goes for the pound and NZ dollar, which are quite correlated in my opinion.
Aaaand... Bitcoin?
Every thing is correlated I guess XD they move the same way as a reflection of dollar strength rather than their own?
based on several indicators, as well as experience and my gut feeling which is right most of the time, shorting the euro before 1.15 is simply not worth it.
1.15 is a good strong level thought, Good idea to short it once it gets there. 1.15-1.155.
maybe the euro does not go that high, so we simply wait for the next drop and retrace...
Same goes for the pound and NZ dollar, which are quite correlated in my opinion.
Aaaand... Bitcoin?
Every thing is correlated I guess XD they move the same way as a reflection of dollar strength rather than their own?
Comment:
This feel when you get alerts on euro and aud but the week is over.
Ill check it in an hour...
Ill check it in an hour...
Trade active:
Shorting the EURUSD.
Reasons:
1- The interest for shorting is pretty high. This week end I'll take some nice interest.
2- At an important structure now, that we can see on the weekly chart.
Somehow never acted as support or really briefly, but very often held as resistance:
3- Close to DMA9 that often acts as resistance/support.
4- The daily RSI bounced off oversold levels and resetted back to 40.
5- The price is at the 4HR 50MA which I guess matters at least a little?
6- 4HR RSI is getting pretty high, 1HR 15 min and 5 minute RSI are all way up there
7- OBVIOUSLY the trend on the higher timeframe (daily) is bearish. Weekly too.
8- This count:
9- DXY.... Not going to get into details
10- I do not see reasons not to take this trade AND there are several other indicators and reasons to short it, but as I am typing this it seems to already retrace so I will stop here :p
Reasons:
1- The interest for shorting is pretty high. This week end I'll take some nice interest.
2- At an important structure now, that we can see on the weekly chart.
Somehow never acted as support or really briefly, but very often held as resistance:
5- The price is at the 4HR 50MA which I guess matters at least a little?
Comment:
I believe medium size fund managers represent most of the volume in FX.
They will do their homework this week end, see all of this, and when next week starts price will drop a little.
I just need to survive 1h30, till the day closes.
Come on we are friday evening, what could happen? This is not crypto that gets manipulated every Sunday 1 am when liquidity is at its lowest.
Still I am only going for 1 mini lot here XD Call me a pussycat if you want.
$100 profit is better than $0. It will add up with time.
Maybe I double up later or when next week starts idk...
Nah probably not I need to win several times in these conditions before I am comfortable going bigger.
If anyone has experience with opening trades at the very end of the week... What do I risk?
They will do their homework this week end, see all of this, and when next week starts price will drop a little.
I just need to survive 1h30, till the day closes.
Come on we are friday evening, what could happen? This is not crypto that gets manipulated every Sunday 1 am when liquidity is at its lowest.
Still I am only going for 1 mini lot here XD Call me a pussycat if you want.
$100 profit is better than $0. It will add up with time.
Maybe I double up later or when next week starts idk...
Nah probably not I need to win several times in these conditions before I am comfortable going bigger.
If anyone has experience with opening trades at the very end of the week... What do I risk?
Comment:
Tokyo session opens in 1 hour.
Let's have some fun.
Let's have some fun.
The squeeze started. Or maybe shorts pullback a little as they already did, and their numbers spike one more time before the big squeeze :p