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LevRidge
Jul 18, 2019 3:27 AM

EU long term... just thoughts 

Euro Fx/U.S. DollarFXCM

Description

Thinking this was a fake breakout to the top side which is usually followed by a mean reversal the other way..
Comments
ChrisLoh007
I was following you for a good 1 month. I am of the view that USD > EUR after the Fed cut. I will add some sell trades after it breaks up to 1.12850 and 1.13500
WinVested
It's either this, or an actual double-top/H&S between 1.135-1.14 - only advice I have for others is to take your profits where you can - banks/exchanges know most speculators are long this pair right now, so they may drop before we do - and be sure to catch that down swing at the end of the month, because it's coming! Nice analysis, man!
LevRidge
@WinVested, well said! totally agree with that thought of possibly a double top in the 1.14 zone.. if eu continues higher past the 23rd, 1.14 will be target!
WinVested
@LevRidge, and I think it will because Draghi will want to downplay how poorly the EU is performing with it being close to the end for him. He doesn't want to go out in a bad light. Good stuff though! Keep it coming, man!
SharingProfit
beautiful idea
Bullandbeartrading
Good trend lines.
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