pantheo

$EURUSD Dollar at 61.8 of 2001H - 2008L

TVC:DXY   US Dollar Currency Index
75 8 4
If ready for a pullback, could be here
Indeed.
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pantheo PRO IvanLabrie
@IvanLabrie, Let's see how it will close. I feel that dollar's break out is structural and for real, long term wise. We are entering into uncharted waters unfortunately...
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@pantheo, I think so too, but nothing stops us from going long EURUSD and closing at say resistance around here before flipping sides again:
snapshot


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pantheo PRO IvanLabrie
@IvanLabrie, True for trading practices but social wise changes will be inconceivable.
lol " all stops know to man here":-). If monthly closing below 1.0710 euro is dead structurally big time.
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@pantheo, we will know only after December, is my take. I think right now, the retrace is a buy, but I would exit and flip short to be safe...or go back to long term longs in USDSEK and USDJPY.
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IvanLabrie PRO IvanLabrie
These are my entries atm:
snapshot


All stops were there, we had a rapid sentiment change after that low, then it stalled for 3 days, and then the stop hunt came and it bottomed...pretty clear, and disgusting.
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pantheo PRO IvanLabrie
@IvanLabrie, Wise thoughts my friend. Stop hunting is what this game is all about, which is disgusting, as you said, to see it in clear view. I have two longs at 1.0520, end of the zone and one at 1.0580 start of the possible reversal zone. Resistance at 1.0860 is very strong, shortable if & when there as well as 1.0710. Year end below 1.0869 is bearish obviously and a monthly close below 1.0460 is needed for the fall to parity to continue. 1.0370 is nightmare. Cheers!
+1 Reply
@pantheo, Indeed, strongly agree with you.
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