EURUSD, Close below 1.2000 & SMA-200, pop up and down to 1.1600
Simply wait for the
-- Daily close below 1.20000 ( Critical psychological price point )
-- Daily close below SMA-200 ( Confirms the bearish trend for the BIG Boys & Girls )
-- DXY (Dollar Index ) has broken out of the channel ( Confirms a slightly bullish trend - Can it hold that trend)
-- It should pop up toward 1.2100 ( SELL Any pop up )
-- We are heading towards 1.16000 in the next few weeks
-- The FEDs are have some Interest Rate decision to make ( Watch out for this -- Might cause a sever pop up or decline in EURUSD )
-- Institutional boys & girls are turning bearish ( Their pants are on fire, they are not comfortable because the trend is neutral going bearish ). Always follow the big boys long term trend . They have the Money to make it happen.
Now if all the above happens then :
SELL -- any pop up ( i.e any 20 to 100 pips pop ups from 1.20000 because we are a little oversold on RSI & StochRSI )
TP -- Before 1.1600
SL : -- 1.26000
Note: Trying to go against the Trend at this point is a little risky , you might be caught on the leg down . Great Risk Management make you money and being arrogant makes you losses
-- Daily close below 1.20000 ( Critical psychological price point )
-- Daily close below SMA-200 ( Confirms the bearish trend for the BIG Boys & Girls )
-- DXY (Dollar Index ) has broken out of the channel ( Confirms a slightly bullish trend - Can it hold that trend)
-- It should pop up toward 1.2100 ( SELL Any pop up )
-- We are heading towards 1.16000 in the next few weeks
-- The FEDs are have some Interest Rate decision to make ( Watch out for this -- Might cause a sever pop up or decline in EURUSD )
-- Institutional boys & girls are turning bearish ( Their pants are on fire, they are not comfortable because the trend is neutral going bearish ). Always follow the big boys long term trend . They have the Money to make it happen.
Now if all the above happens then :
SELL -- any pop up ( i.e any 20 to 100 pips pop ups from 1.20000 because we are a little oversold on RSI & StochRSI )
TP -- Before 1.1600
SL : -- 1.26000
Note: Trying to go against the Trend at this point is a little risky , you might be caught on the leg down . Great Risk Management make you money and being arrogant makes you losses
Comment:
Look out for the DXY ( Dollar Index ) Strength , We want it to have a daily close above 92.55 to clearly confirm that we are actually entering Bearish trend on EURUSD and we are on solid bearish grounds
Comment:
Seems we are going to have a confirmed EURUSD Daily close below the SMA-200 . Now that should be a good solid entry point for the downtrend on EURUSD to 1.1600
Comment:
NOTE: Risk management of your portfolio will make you money everytime.
Comment:
Looks like we are going back up to test the SMA-200 , A couple of the EURO Bulls are not happy , i guess they must have lost big on their trades. Also you can't force a trade by talking it up unless you are the big boys who can throw enough good money after a bad trade.
Comment:
EURUSD broke 1.1908 ( 50-Week SMA ) now has touched 1.1837 so expect a slight bounce to around 1.1880 to 1.1940 since 4-hour and daily RSI is really oversold before it continues its Downward Trend
Comment:
TP = Next Target 1.1708 ( Fibonacci 0.618 Retracement level )
SL = 1.2600
Caution: Wait for a bounce to 1.1880 to 1.1940 due to oversold status at the moment. Also be careful we are in a very dangerous area with a clear trend but we need to see the Big boys convinced that we are good to go .
SL = 1.2600
Caution: Wait for a bounce to 1.1880 to 1.1940 due to oversold status at the moment. Also be careful we are in a very dangerous area with a clear trend but we need to see the Big boys convinced that we are good to go .
Comment:
We have bounced off 1.1819 Twice within the last 2 weeks . We tested the the Daily SMA-200 and was rejected .
So now we have a multiple near-term targets of : --- Please choose your poison !!!!
-- 1.1757 ( Weekly SMA-200 )
-- 1.1708 ( Fib Retracement --61.8% )
-- 1.1669 ( Weekly SMA-100 )
CAUTION:
RSI is pretty oversold on H1, H4 and Daily , with Weekly approaching oversold . So very careful from here , We want to sell any pop up of EURUSD . Usually the pop ups will be 30 to 120 pips before we resume the trend.
So manage your risk very well because that's what makes you money .
So now we have a multiple near-term targets of : --- Please choose your poison !!!!
-- 1.1757 ( Weekly SMA-200 )
-- 1.1708 ( Fib Retracement --61.8% )
-- 1.1669 ( Weekly SMA-100 )
CAUTION:
RSI is pretty oversold on H1, H4 and Daily , with Weekly approaching oversold . So very careful from here , We want to sell any pop up of EURUSD . Usually the pop ups will be 30 to 120 pips before we resume the trend.
So manage your risk very well because that's what makes you money .
Comment:
Is anyone conflict and a little confused the same way the EURUSD is ?
- The German & rest of EUR Data is soft and GDP for Germany is on the softer side.
- Italian Mess is on
- Growth prospects for EURO ZONE is slowing down
- US FEDs minutes were not " Dovish" as the Market thought they would .
So my question is : What is making the EURUSD bounce ? I am thinking its due to hitting the Big Boys Support Area at 1.1675 with Buy Stops waiting and the RSI being really Oversold. Apart from that i am not sure EURUSD has the factors lining up for it to move upwards. May be towards or after June 2018
- Dollar Index ( DXY ) has been well supported but is softer tonight
What do you think ?
- The German & rest of EUR Data is soft and GDP for Germany is on the softer side.
- Italian Mess is on
- Growth prospects for EURO ZONE is slowing down
- US FEDs minutes were not " Dovish" as the Market thought they would .
So my question is : What is making the EURUSD bounce ? I am thinking its due to hitting the Big Boys Support Area at 1.1675 with Buy Stops waiting and the RSI being really Oversold. Apart from that i am not sure EURUSD has the factors lining up for it to move upwards. May be towards or after June 2018
- Dollar Index ( DXY ) has been well supported but is softer tonight
What do you think ?
Comment:
EURUSD COLLAPSES BIG TIME !!!! that's an epic collapse more than 115 Pips from open today
from 1.1639 (High) to 1.1505 (Low so far) . The Carnage continues , These Azure guys are freaking messed up. They can't even form a government . "Don't blame the player blame the Game"
In two trading sessions ( Monday & Tuesday) the EURUSD has collapsed more than 230 pips .
Recall , Just 2 weeks ago , the big boys were all singing to the Bank on how the EURUSD will be at 1.2600 to 1.2800 by End of June 2018 and might even get to 1.3000 by Dec 2018 , What happened big boys ? How did you guys missing this ?
from 1.1639 (High) to 1.1505 (Low so far) . The Carnage continues , These Azure guys are freaking messed up. They can't even form a government . "Don't blame the player blame the Game"
In two trading sessions ( Monday & Tuesday) the EURUSD has collapsed more than 230 pips .
Recall , Just 2 weeks ago , the big boys were all singing to the Bank on how the EURUSD will be at 1.2600 to 1.2800 by End of June 2018 and might even get to 1.3000 by Dec 2018 , What happened big boys ? How did you guys missing this ?
Comment:
EURUSD -- Completely oversold -- At this point i am starting to look for a Bounce LONG Position once the carnage stops .
Comment:
RELENTLESS 100 pips recovery for the EURUSD and we might now see the Downtrend resume if the EURUSD can't hold 1.1640 and then 1.1600 . If those levels dont hold then we are heading back to 1.1500 level. EURUSD has a lot of head winds so it a little tricky until we can put to rest the the italian political mess .
Date: 8:00 am EST , 30/05/2018
Lots: 8
Short Entry (SELL): 1.1646
1st Exit : 1:1600 --- 5 Lots
2nd Exit: 1:1575 --- 2 Lots
3rd Exit: 1:1534 --- 1 Lot
Anticipated RISK: Dollar Index (DXY) volatility and the BIG BOYS positioning.
Date: 8:00 am EST , 30/05/2018
Lots: 8
Short Entry (SELL): 1.1646
1st Exit : 1:1600 --- 5 Lots
2nd Exit: 1:1575 --- 2 Lots
3rd Exit: 1:1534 --- 1 Lot
Anticipated RISK: Dollar Index (DXY) volatility and the BIG BOYS positioning.