FX_IDC:EURUSD   EURO / US DOLLAR
138 1 6
Euro             Over shoot Unexpected above again will Again Hurt our previous Recommendations which hit 60 pts Stops like emoticon
Upon figuring out more , we again think We are Bearish & We need 1.100 clear break to change view as Our genuine invalidation is 1.100
We are Holding our these configurations and we believe Soon or later , we will again see very much quick declines towards down side to our target 1.0615 as first where we place a subwave ( iii             )
Now here This whole chapter is fitting into triple wave combo !!
There is very traditional Rolling over going On and such behaviour we also have experienced On EUR/JPY             pair which collapsed almost 700 points after such rolling over behaviours So we believe Same on Euro             .
Fundamentally Euro             is weak at the moment while Indices also finding the grounds which give us ideal clue that We will see big sharp downward rallies on Eur/Usd             .
Our protection lies at 1.0950 from where it rejecting and our good point is 1.0800 which if cross will give us good confidence to look shorts .
Trading recommendations :
We will stay patience for now : If you want aggressive then short now 1.0890 stop will be 1.0960 target will be 1.0615 while those who want conservative approach can play from 1.0800 pening bell with stop above 1.0915 and target will be again 1.0615.
1% risk of account per trade 1 order Only & trail stop down upon moves i your favor
marcus123
11 months ago
some good analysis and instruction around trading strategy : stops and entries; drajonfly doji on daily and NFP figures yesterday appear to bias short move . 1.0960 stop gives room to move but not too excessive;
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