EURUSD TRADING PLAN: --Looking for SHORT after today's LONG
EURUSD TRADING PLAN:
TRADE 1: --- today's CPI time LONG -- This is DONE ( Good Profits today )
TRADE 2: --- Pullback SHORT --- Monitoring In Progress
Entry: 1.1690 to 1.1750
Exit: Anywhere below 1.1620
WARNING: if and only if EURUSD fails to break 1.1700
or breaks 1.1700 but fails to break 1.1740/50 area
then we go SHORT
NOTE: Cancel Trade if Price goes above 1.1750
TRADE 1: --- today's CPI time LONG -- This is DONE ( Good Profits today )
TRADE 2: --- Pullback SHORT --- Monitoring In Progress
Entry: 1.1690 to 1.1750
Exit: Anywhere below 1.1620
WARNING: if and only if EURUSD fails to break 1.1700
or breaks 1.1700 but fails to break 1.1740/50 area
then we go SHORT
NOTE: Cancel Trade if Price goes above 1.1750
Comment:
on the 3-hour and 4-hour charts show both RSI and CCI in the oversold area. The CCI has already turned indicating a pullback is coming .
EURUSD still has room to move to 1.1740/50 Resistance Area . There is nothing really driving the EURUSD up except the Core CPI news earlier today and speculators . EURUSD fundamentals have not changed . The EU Zone growth is weak and the Data for the last 3 months have shown that. Draghi was trying to sweet talk the EURUSD but you can't make a horse drink water if does not want
We are heading towards the Bullish territory but we need to clear the 1.1740/50 Resistance Area and head to 1.1800s
EURUSD still has room to move to 1.1740/50 Resistance Area . There is nothing really driving the EURUSD up except the Core CPI news earlier today and speculators . EURUSD fundamentals have not changed . The EU Zone growth is weak and the Data for the last 3 months have shown that. Draghi was trying to sweet talk the EURUSD but you can't make a horse drink water if does not want
We are heading towards the Bullish territory but we need to clear the 1.1740/50 Resistance Area and head to 1.1800s
Comment:
Options expiry at 10:00 am EST (14:00 GMT) on Friday 14/09/2018
1.1770 ----- 204m
1.1730/50 ----- 683m
1.1700/10 ----- 532m
1.1680/90 ----- 802m
1.1670 ----- 274m
1.1650 ----- 1.24Bn
1.1640 ----- 160m
1.1600 ----- 1.15Bn
1.1570 ----- 640m
1.1550 ----- 1.86m
1.1510/30 ----- 825m
1.1500 ---- 1.96Bn
1.1300 ---- BARRIER
We have enough options to act as price Magnets at 1.1650 , 1.1600, 1.1550 , & 1.1500 . So watch out prices might move to those major option strikes . Also not Barriers do not expire daily.
1.1770 ----- 204m
1.1730/50 ----- 683m
1.1700/10 ----- 532m
1.1680/90 ----- 802m
1.1670 ----- 274m
1.1650 ----- 1.24Bn
1.1640 ----- 160m
1.1600 ----- 1.15Bn
1.1570 ----- 640m
1.1550 ----- 1.86m
1.1510/30 ----- 825m
1.1500 ---- 1.96Bn
1.1300 ---- BARRIER
We have enough options to act as price Magnets at 1.1650 , 1.1600, 1.1550 , & 1.1500 . So watch out prices might move to those major option strikes . Also not Barriers do not expire daily.
Comment:
correction on amount of option expiry at:
1.1550 ----- 1.86Bn
1.1550 ----- 1.86Bn
Comment:
Since its friday , we can close out this trade to avoid any weekend volatilities
Since May 13, 2018 , Everytime EURUSD has broken or approached 1.1695 to 1.1750 Area and failed to has dropped nearly or over 200 pips .
Will this Trend pattern continue ? Is there enough strength in the Uptrend to sustain it ? . Looking at the Trend it seems to be running out of steam. it might pop up to 1.1740/50 area but i am not sure if we can rally past that Major resistance
The Trend up has been slowly grinding up and struggling , and today was due to weak US Core CPI numbers