tntsunrise
Short

EURUSD Bearish Confirmed and Sell the pull back

FX:EURUSD   Euro Fx/U.S. Dollar
5289 19 117
EURUSD             has broken Uptrend line

this is a confirmation of the Bearish Trend .

So we can sell the retest now.
Look the yellow Box , that is the potentail
Selling Area.

Remeber in my previes view: we short EUR
from 1.1230, thats very good profit, isnt it.

My long term target is 1.0637.
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thank you sir!
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Thanks
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Thank you ;)
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thanks so much
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What if falter move? ;-) See difference between lowest price and open price in the first bar of the upward trend, almost the same size as the "break-through" from this week. I would support levels above 1.14 before finally testing this trend line. Cheers
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tntsunrise TOP x381966011250105
Usually the trend line and structure broken wont lie
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Thank you! Anyway, this pattern will need at least a couple of months to materialise... There isn't a big probability that changes are as steep as the red arrows. They will be manifested more like sudden market falls (rises), or will go more flatly and gradually. Such broad time frames (daily) always put extra-uncertainty to our forecasts since they are quite vulnerable to momentary stochastic oscillations. Nevertheless I am now bullish for the next weeks, I concord with your prognosis, but my expectations are that the present fall is just the first test of your trend-line. This means that (maybe) we can once again go to older heights, even rally above 1.135... Cheers! :-)
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Agree. A good conservative strategy. But tight money management a must. Thanks
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Question: USDOLLAR is at the top, do you expect it break the trend line, so that Euro can be shorted against Dollar?
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DXY is not at the top. the top is 100
+1 Reply
lio tntsunrise
ah sorry, I looked at the wrong one (USDOLLAR), instead of DXY. I am waiting for DXY to correct, in order for Euro to retest. Hope my logic makes sense.
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Hi. What are your thoughts on this?

EURUSD Retest

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You said : So we can sell the retest now.
=> I don't understand "sell the retest". What do you exactly mean by this?
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http://www.ecb.europa.eu/mopo/implement/omo/html/20160110.en.html

snapshot
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ahmetnmsl DavidoffTGS
1.09 good place to take profit? Thanks.
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well if u have short position u can take partial profit
+1 Reply
ahmetnmsl tntsunrise
Thanks Jack
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Hi Jack.
Is this trade opportunity still valid for short??
+1 Reply
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