Abozahra
Long

Watch out guys!

FX:EURUSD   Euro Fx/U.S. Dollar
So many people is waiting to go long here.
Is it the right place? yes, you can say that.
We have S levels, we have demand zones, we have oversold RSI etc.
But this trade is so crowded by now and that i don't like, coz trades like this one are so good for SL hunting.
So easy guys, take your time, give the trade some time, wait for
clean reversal signals, wait for bounce and retest etc.
My long term view for EUR is bearish . And yes it have to make a correction and i wish a deep one :) but don't rush!
Comment: Interesting, but i just don't trust Sunday levels :)

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Comment: Things are going the right way but still i am waiting for more clear signal as shown in the chart! The Dollar is very strong and i need very clear signals for this correction.

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Comment: So guys, so what i meant by saying watch out for this trade? We still not having a strong reversal signal, but we are having a double bottom soon and divergence on RSI.

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Comment: So guys, getting many messages that i am waiting too long on the buy!
So here is a chart for the more aggressive trader and more eager to enter.
You can actually enter as far as those market areas in the chart below still intact!
Good luck!

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Comment: Guys i don't like the look of this, it's looking like a bearish flag right now
the good thing is the strong support under that. That's why the title of this idea was Watch Out!

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Comment: As i said in the above chart i didn't like the look of that flag yesterday. Here are some levels that need to be broken to really considering or thinking of any sell IMO.

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Comment: I still not trusting this up move 100%, but the TL was respected very well and a BO on 4H can be a entry reason for those who can afford the risk.

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Comment: H & S on DXY 1H and divergence on RSI
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If this 4H close strongly above the TL would be a reason for long.
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Comment: Oooops here that DXY H&S :)

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Comment: 4 days of killing SL :)

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Comment: I am over exposed for now so not taking this but here what we have for now guys!

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Comment: And the DXY confirmation!

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This is awesome! Thanks much for posting. Awesome to see the follow ups as this develops.
Reply
Abozahra PRO BrianStamper
@BrianStamper, Thank you for your support my friend! :)
Reply
ok , will wait for close above trend and 20 sma..
Reply
@Bug, Wise choice buddy :)
Reply
@Bug, Good to be patience isn't it? ;)
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Bug Abozahra
@Abozahra, yes waiting for nice set up
Otherwise enjoy the holidays
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@Bug, You too buddy!
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very clear picture.. :)
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Abozahra PRO SiamSamuhatananon
@SiamSamuhatananon, thank you :)
Reply
amazing bro.keep the good work up bro
Reply
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