angrybear168
Short

Not too fast

FX:EURUSD   Euro / U.S. Dollar
106 8 0
notes on chart
Nah, it's too late to short
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angrybear168 vlad.adrian
how so?
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vlad.adrian angrybear168
Look at the weekly charts of the dollar, they look massively bearish for the dollar. The move was parabolic, and the FED doesn't support this move with a more hawkish speech, it was actually more dovish. I believe heavy corrections are coming on the dollar. If they don't, well that's trading...
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angrybear168 vlad.adrian
I dont see how bearish it looks, agree there is a massive trendline resistance ahead but does not mean we cant break. Similar fractal before BTW
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vlad.adrian angrybear168
Look at the candlesticks at the start of rallies and at the end
A candle signal is not a signal by itself for me, but this is way too accurate to ignore. At least if you don't want to short the dollar, stand aside, but there is no logic long trade here
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angrybear168 vlad.adrian
week has not ended yet so candle is not valid, btw even if it becomes a bearish engulfing candle I wont short the USD or fade it as long as this weekly breakout holds
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angrybear168 vlad.adrian
the up move is little different from previous occurrences, I believe there is more and bigger bets placed for the usd to go higher this time around, just my opinion we will see
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angrybear168 vlad.adrian
sold off nicely
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