Analysis on chart. I'll be looking to capture the low, expecting it to get me early on in the rally that will ensue once USOIL breaks out of the contracting triangle, and the Euro Stoxx retracement ends. It's not yet confirmed, but I think that we will see the move in question start after NFP. Rgmov is showing interesting bullish strength, hidden amidst the apparently chaotic chart. Since we're mostly range bound, the logical thing to do is to fade extremes, this just happens to lead into a great trend continuation play, if my analysis is correct. Do your due diligence and only trade this with a strategy in mind. Mine won't trigger until EURUSD drops some more, so for now I'm short. I'll keep my followers up to date with the latest trade management cues and intermarket analysis via my Collective2 signals page, link is in my profile.
Hopefully we get range expansion this week!
I'm in from the daily timeframe.
RobertHerdman
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I trade very,very long based on Purchasing Power Parity and other economic factors especially money printing programs.I highly admire the traders here because I've used the analysis at certain points in time to add on to my short positions.Data shows me that this month's ending favours the U.S. Dollar positioning.For the last number of months I've looked at this consolidation area we are in and comparing it to the last major leg down my target is still deeply below parity for EUR/USD.(.84)
mtylcnr
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my wiev
mtylcnr
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1,2 loking like fantasy to me , more and more 1,1330 and than 1,02-1 :))) so up actions are corrective , good luck
IvanLabrie
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We'll know soon enough. Thanks!
Kumowizard
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Is 1,04 looking like a fantasy too? Then no problem, your evaluation shd be ballanced. However if you feel that side a lot more possible, you are mentally biased to short EURUSD. Meanwhile the whole picture is just totally neutral right now :-)
One of my primary rules (maybe the 5th most important): do not see or envision something into the chart which is not there!
That's why I try to do price action following analysis instead of predictive analyses which I often see from others.
Obviously no one can predict the future, what we can do is to described present possibilities and outcomes. Do you know what is the best way to get the future behaviour right? Participate in the present price action! ;-)
Fundamentals are not that good for timing. Right now, a short today was logical, and will lead us to 1.1 and its whereabouts.
But, on a technical basis, continuation past that is unlikely.
The best short will be once the rally I propose completes.
Kumowizard
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yes, maybe at 1,1050-1,11 channel bottom we can try one more long, but it will depend on price action at that key level. For now, as I wrote earlier today I got out of my positions almost completely.
I'm in from the daily timeframe.