Scalpers may want to exit around these Fibo overlaps. You can get in again once broken. Probably next week..
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I wish Draghi never stops talking !!!
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Bearish Engulfing off the Fibo, off the EMAs on EURO weighted average. High chance to see a bearish engulfing on Weekly too...
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I have a feeling that this FLAG is going to work. see the false breakout of the weighted average USD. Imagine if USD breaks the topside then where EU going to go... Just a question !
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A minor bounce expected here. You may want to exit here ...
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No sign of exhaustion what so ever ...
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Last time EURUSD moved more than today, was 9 NOV 2016. The difference between the high and low today is over 260 pips! Euro is a big bear as we have been discussing here ...
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What day it was for EURUSD. 290 pips the difference between the High and the Low!
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Hourly weighed average EURO touched the EMA 14 for the first time since ECB
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If you wonder where to exit EURUSD, I personally check this with USD weighted average. If it gets to that red dotted line, I would expect some pullback. That is where you can take the profit and get in again once it made a deep pullback.
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Price getting back into Fibo overlaps offers a good shorting opportunity.
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Order pending at 1.1616 to add to shorts ...
Trade active
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Trade closed: target reached
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Thanks for following me and I am still in the trade as I see a lot more to come...
DXY is about to break 95, if we do, US will trend against most currencies for the rest of the year.....
khansalarehsan
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@CBMotivation, That is True, I sent a call on NU short for the second half of the year. I am 100 pips in profit on that trade for less than 24 hours!
CBMotivation
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@khansalarehsan, funnily enough, i shorted the Aussie / USD @0.765 via a weekly bearish candle touched the rising trend line it had already broken
CBMotivation
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@khansalarehsan, It's going to be a touch come back for the Euro now the ECB hasn't confirmed they'll stop printing money, just might and no interest rate raise. Bearish trend for EUR / USD long term, sell the two legged pullbacks.
The last time I did see Euro fall was during the Swiss crisis , where the Swiss franc pegged it currency but today I witnessed the euro fall and am still trading .Normally I would have been stopped out.