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

FX:EURUSD   Euro / U.S. Dollar
1089 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.
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.

+1 Reply
HiTech PRO IvanLabrie
Exactly the same view, tomorrow is the down day, planning to short CHFJPY around 5AM UTC
Euro up again, baking at 450 degrees now.....
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.
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.
forget 0.9000 - Range 1.1100 - 1.0600
Im expecting tremendous selling pressure in the Euro in Aug and Sept and Oct.
IvanLabrie PRO futuresecuritieslawyer
It's uncertain for the dollar...SPX is tanking so hard right now. Impressive!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out