EUR / USD - JOURNAL - ACTIVE UPDATES
My analysis today is an actively managed BLOG post that looks at the current price of the "EUR / USD".
> The post will be updated daily with comments and trade ideas to generate a series where you as a reader - ACTIVELY - can learn from the analysis and decisions.
In the following analysis, I highlight a SHORT scenario, focusing on the key technical points that will be relevant in the coming days.
> Once the temporary direction of the price emerges, I update the post accordingly, with entries, stop-loss & take-profit levels.
After today's poor result of the "Non-Farm Employment Change" from the USA, there was a very strong sell-off in the DXY (USD).
> This sell-off fueled the EUR and strengthened it significantly.
> Subsequently, the price has risen very extremely and is now at strong resistance areas, which should not be broken after the bottom of the DXY.
> For this reason, I assume a coming correction, which will shift to the beginning of next week - however, it is important to check today, where the interesting entry points are located and from when you can enter a short.
> Additional information will be added as comments to this blog to give you the most added value possible.
# Positioning after confirmation of this thesis = SHORT
If this idea and explanation have added value to you, I would greatly appreciate a review of the idea.
Thank you, and happy trading!
> The post will be updated daily with comments and trade ideas to generate a series where you as a reader - ACTIVELY - can learn from the analysis and decisions.
In the following analysis, I highlight a SHORT scenario, focusing on the key technical points that will be relevant in the coming days.
> Once the temporary direction of the price emerges, I update the post accordingly, with entries, stop-loss & take-profit levels.
After today's poor result of the "Non-Farm Employment Change" from the USA, there was a very strong sell-off in the DXY (USD).
> This sell-off fueled the EUR and strengthened it significantly.
> Subsequently, the price has risen very extremely and is now at strong resistance areas, which should not be broken after the bottom of the DXY.
> For this reason, I assume a coming correction, which will shift to the beginning of next week - however, it is important to check today, where the interesting entry points are located and from when you can enter a short.
> Additional information will be added as comments to this blog to give you the most added value possible.
# Positioning after confirmation of this thesis = SHORT
If this idea and explanation have added value to you, I would greatly appreciate a review of the idea.
Thank you, and happy trading!
Comment:
Comment:
DXY - LEVELS
Comment:
When the selling pressure is off, the DXY = EUR will get a sell-off.
WHY?
= When the buying pressure from the assets in the DXY index gets less, the index can recover < which results in a sell-off from all assets listed in the DXY.
= The USD gets stronger in such a scenario
WHY?
= When the buying pressure from the assets in the DXY index gets less, the index can recover < which results in a sell-off from all assets listed in the DXY.
= The USD gets stronger in such a scenario
Comment:
The first signs of a bearish divergence are in the 5-minute chart. For all those looking for a good time, orient yourself to the 5–15 minute charts for the MACD = divergences.
> There you can see the first signs.
> These do not have to work then, but have a very high hitqoute.
> There you can see the first signs.
> These do not have to work then, but have a very high hitqoute.
Comment:
The weekly and daily closing prices were very strongly bullish.
> Tomorrow there will be a detailed UPDATE on how this should be interpreted for the further course of the price.
> Tomorrow there will be a detailed UPDATE on how this should be interpreted for the further course of the price.
Comment:
The divergence is currently building on the 1-hour chart, should the price rise one more time.
> Target for this would be the target area marked in RED
OVERVIEW OF THE POI
> Target for this would be the target area marked in RED
OVERVIEW OF THE POI
Trade active:
The suspected, divergence has come true and could now signal the top.
> However, we still have to wait for confirmation here.
> For sure, there will be another attempt to form a new HH.
> Now for the next 2-days everything depends on the DXY (on Wednesday new information on the USD will come, which will bring volatility).
> However, we still have to wait for confirmation here.
> For sure, there will be another attempt to form a new HH.
> Now for the next 2-days everything depends on the DXY (on Wednesday new information on the USD will come, which will bring volatility).
Comment:
LEVEL UPDATE
Comment:
Overnight, it has stopped me out of my existing positions, which is why I have repositioned myself.
> My reasons (divergence + oversold) of the SHORT idea still exist.
> That's why the re-entry and if necessary still further position took place. (Recorded in the chart.)
> The SL level was adjusted and entered.
> My reasons (divergence + oversold) of the SHORT idea still exist.
> That's why the re-entry and if necessary still further position took place. (Recorded in the chart.)
> The SL level was adjusted and entered.
Comment:
After selling off the DXY, we're now at a point where we should see a backlash.
> Sellers are exhausted and divergences in EUR and other majors suggest renewed strength in USD
> We can still see a sell into the red square, however there should be a recovery after that.
> The recovery would then mean strong selling pressure for the EUR = sell-off.
> Sellers are exhausted and divergences in EUR and other majors suggest renewed strength in USD
> We can still see a sell into the red square, however there should be a recovery after that.
> The recovery would then mean strong selling pressure for the EUR = sell-off.
Trade closed: stop reached:
After the new CPI data from the USA - it looks again bad for the USD, which invalidated my SHORT idea in the EUR.
> The event triggered a 2nd time my SLs and there's now not much holding the EUR back from climbing higher.
> The DEMAND Zones and the resistances are broken.
I'll drop an update when the situation is more clear and the volatility comes down in a separate post.
> The event triggered a 2nd time my SLs and there's now not much holding the EUR back from climbing higher.
> The DEMAND Zones and the resistances are broken.
I'll drop an update when the situation is more clear and the volatility comes down in a separate post.
Comment:
Whoever wants to strive for a small SHORT, should now take a closer look at the price.
> The momentum escapes piece by piece and one or the other PIP can now take.
> Good luck and have fun - let's see what the PAZIFIK & ASIA session have to offer.
> The momentum escapes piece by piece and one or the other PIP can now take.
> Good luck and have fun - let's see what the PAZIFIK & ASIA session have to offer.