hi marcus you could have your thoughts on eurnzd, i am of the idea that in the short term the price will collapse and return to the levels of 1.66500. do you think it's possible? Maybe your analysis like the one you canceled a little while ago would be the top. Thanks and I always continue to follow you
MarcusRump
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@LucaBrait93, Yes Im in a short position once the 15 minute closes as a pin bar
(Update: Closure wasn't what I was hoping for /:
LucaBrait93
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@MarcusRump, I'm sorry Marco, I'm Italian, I didn't understand very well what you mean by pin bar and the 15 minutes? I am also new to trading so without bothering you if you can just explain to me on what basis you think I can go back to the levels I wanted (1.66500) to understand if my analysis is also done correctly. Thanks in advance
LucaBrait93
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hello, you think that the price could go down until it touches the level of 1.67 ?
MarcusRump
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@LucaBrait93, I have various targets. The weekly was very strong bullish close so I am wary of that but 1.68500 is a good level to look at for rejections and 1.68.
1.67 depends on how we react at 1.68 and break that level. I will be watching it there to see if we do get a break of that levels.
the5erstrading
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Nice analysis, what's the reasoning behind your sell off expectation? I am interested in your thoughts.
MarcusRump
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@the5erstrading, The ECB is not looking to raise interest rates so I am expecting a weak EURO and we are at a key resistance.
I have various profit-taking targets on this pair.
1.68500 is my first target and I will close depending on how we react
For the moment my stops are already at B/E so I shall see
do you think it's possible? Maybe your analysis like the one you canceled a little while ago would be the top.
Thanks and I always continue to follow you