EU scalp short Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jun 13, 2018 7:18 PM

Trying again

FOMC reaction.
US raises rate as expected.
They also confirmed two more hikes likely this year.

The marked zones are from my Fibonacci Support Resistance analysis:

Trend Analysis Wave Analysis

Comments

dr90210

⋅ Jun 13, 2018 7:58 PM

Are you opening a short now?

aristotelis.tso

⋅ Jun 13, 2018 8:00 PM

@dr90210, I would open a short to USD. 109.800 target

EuroMotif

⋅ Jun 13, 2018 8:04 PM

@dr90210, I did, with a very small amount. Realistically, should be waiting for the ECB conference later, before trading EU but thought I'd take a couple of small shots in the meantime.

aristotelis.tso

⋅ Jun 13, 2018 7:46 PM

absolutely wrong...USD will affect negative from the rates..

EuroMotif

⋅ Jun 13, 2018 7:56 PM

@Aristotelis.tso, yeah, perhaps you are right

aristotelis.tso

⋅ Jun 13, 2018 7:59 PM

@euromotives, Sorry for my steep comment. Just I wanted to say that the rates it was only a spike for the price of usd. Euro will take more strength the next days. Today was a tough day for trading.

EuroMotif

⋅ Jun 13, 2018 8:03 PM

@Aristotelis.tso, no worries. I am not afraid to be wrong, and thus only risk small amounts for scalps. Indeed, trading EU before the ECB even tomorrow is quite risky, no doubt!

aristotelis.tso

⋅ Jun 13, 2018 8:10 PM

@euromotives, Agree at all with this! Sometimes is better to avoid the trading. I 'll wait the news tomorrow too. I see a good long on EUR the next week. We will see :)