chartwatchers

EurUsd - The Powel of the Night

Short
FX:EURUSD   Euro / U.S. Dollar
Target price tagged at 1.18.
When everybody is buying I'm here to sell.

In this idea I explained what happened to the dollar:


The monthly chart also suggests EurUsd will take a breather before breaking the trendline.

Target is the test of 1.15 in a month.
Comment:
Momentum was too strong. Dip buyers came in at 1.1750.
Comment:
But it’s heading down. This is an easy bet guys the first intermediate correction of a starting bull market.
Comment:
DXY opened by a gap today. When it fills EURUSD will start the multi week correction.
Comment:
Let’s wait how this closes today. I know it’s frustrating to see how it rallied 100 pips from our entry. But it’s pretty hard to catch the exact top/bottom in the panic stage. The hysteria never lasts forever.
Mix a cocktail end enjoy the Last day of July , and let’s wait for the close. DXY looks good from the long side.
Comment:
DXY gap is closed. Now the sellers will try to push it to new lows if they fail - I'm sure they will :) - than we reverse.
I just added to the EurUsd longs.
Comment:
The daily EurUsd starting to look like a shooting star with rSI divergence.
Comment:
NIce close for the shorts. Monday we might get a swing high and we are off to the races.
Comment:
Yesterday we had a swing high in the eurusd and price tagged the 10 SMA and bounced:
Comment:
Today the hourly
Is trying to break the 200 SMA where we bounced yesterday.
Comment:
We going to close below 1.17. Recognition day is coming in the metals.
Comment:
continuing divergence, MACD trying to cross.
Possible double top. NFP might trigger the top.
Comment:
DXY is the same:
Comment:
Slightly lower low in DXY
Comment:
Now we are talking.
Thats why I don’t like to use stops at the end of a panic buying. The idiots are always trying to push it to new highs. And the banks trap them. This failed breakout was an expensive one...
Comment:
And now gold and silver will reverse too. Nasty drop is coming in both...
Comment:
False breakout of the rectangle.

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