IvanLabrie
Short

EURUSD: Short now, let Madame Y take care of it

FX:EURUSD   Euro Fx/U.S. Dollar
1088 37 25
Simple weekly time at mode setup.
EW analysis points to this being a triangle wave e completion.
I'm willing to take this short ahead of the weekend news, since I think it's likely to work.
Good luck if you decide to take it with me.
Cheers,
Ivan.
Trade closed: stop reached: Was a good short term short though.
New 13 week mode lower!
Trend is still down. I suspect Yellen will send this one down tomorrow.
I'll update with shorter timeframe charts next.

snapshot
+1 Reply
HiTech PRO IvanLabrie
Exactly the same view, tomorrow is the down day, planning to short CHFJPY around 5AM UTC
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WHEN AND WHERE TO SHORT CHFJPY
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Euro up again, baking at 450 degrees now.....
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IvanLabrie PRO futuresecuritieslawyer
We're close to resistance. I'd like to sell the top, but it's dangerous to asess that just now.
Going long is also a no go if you missed the entry on my other publication.
Ultimately this is corrective and will resume the downtrend (with crude) I believe.
+2 Reply
I think today was "it" for the Euro Rally. I have a topping candle just under the 50dma on the daily. Should rollover shortly.
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IvanLabrie PRO futuresecuritieslawyer
It's possible but it can rally to 1.138 and still be a valid short. I'd rather wait, August's around the corner.
FOMC this week, I think the rally will go on some more before being a seriously good short.
Above 1.14-1.15 I'd question the downtrend in the weekly.
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forget 0.9000 - Range 1.1100 - 1.0600
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Im expecting tremendous selling pressure in the Euro in Aug and Sept and Oct.
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IvanLabrie PRO futuresecuritieslawyer
It's uncertain for the dollar...SPX is tanking so hard right now. Impressive!
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