pKGoldBeard
Short

EUR/USD, 10/18/20 TRADING PLAN,

SAXO:EURUSD   Euro / U.S. Dollar
LAST GOOD TIME TO POTENTIALLY "SELL HIGH" EXPECTING GOLD TO START DIVING DOWN, BOTH EUR/USD AND XAU/USD HAVE BEEN STUCK IN A STRONG DOWN CHANNEL . BEST LEVEL TO BUY FOR A WEEKLY GAIN.

PERFECT ENTRY IS TO WAIT FOR SMALL SPIKE AS MARKET OPENS AND THEN SHORT.

Comments

I agree, we also have a W formation on the monthly and we do need a deeper retracement to the 38.2 of the fibonacci taken on the monthly impulse. From a COT perspective hedge funds have also added 2.5k shorts on the euro and closed 3k longs, so deifnitely supporting our view :)
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