EURUSD: Sell Watch Zone HUGE REWARD
Fundamentals:
Please see my previous posts regarding my quarterly target for EURUSD.
Comments: My trailing stop was hit. Tonight I went long. Got some pips and out. Now, waiting to short.
Technicals:
Reasons to wait for a short:
(1) downtrend on the 8hr to daily chart.
(2) Too many retail traders buying
(3) the Banks want to sell
(4) Dollar index is only has a minor retracement on the 8hr
(5) Bearish trendline
(6) Price is testing a 1.0564 (38.2% retracement area, but I would love to short higher at 1.0607.
(7) The bullish push up is not as strong as before so far.
Needs:
(1) Waiting for a trigger bar or bars
Entry Watch Zone around 1.0607
Fundamentals:
Please see my previous posts regarding my quarterly target for EURUSD.
Comments: My trailing stop was hit. Tonight I went long. Got some pips and out. Now, waiting to short.
Technicals:
Reasons to wait for a short:
(1) downtrend on the 8hr to daily chart.
(2) Too many retail traders buying
(3) the Banks want to sell
(4) Dollar index is only has a minor retracement on the 8hr
(5) Bearish trendline
(6) Price is testing a 1.0564 (38.2% retracement area, but I would love to short higher at 1.0607.
(7) The bullish push up is not as strong as before so far.
Needs:
(1) Waiting for a trigger bar or bars
Entry Watch Zone around 1.0607
Trade active
Trade closed manually:
EURUSD acting funny not in my favor. I closed it!!!
Comment:
Plan for Next Week:
Order cancelled:
It did not follow my plan, so cancel...
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
