EURUSD: Broke below Brexit support, 1.09115 next

FX:EURUSD   Euro Fx/U.S. Dollar
2 months ago
EURUSD             didn't hold at the Brexit key level, so we can expect it to drop rapidly towards 1.09115.
If we drop down fast enough, a 2-month time at mode downtrend signal might trigger, this would send the price down to 0.87 or so. I'm looking to trade it in the short term, riding swings up and down for now. Currently, the bias is short, we can short on retrace above 1.10931, at market, and/or on a new daily low, risking a rally above 1.11373. Risk 1/3 per entry.

Good luck,

Ivan Labrie.
2 months ago
Trade closed manually: I flipped long at 1.1030.
2 months ago
Trade closed manually: I'm flat now, the short term chart changed.
2 months ago
Trade active: I'm long again, watching it closely. We have some volatility ahead of earnings season.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
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