traderWgun

EURUSD fractal update

Short
FX:EURUSD   Euro / U.S. Dollar
599 views
1
I went long at 1.2800 Now I think we can get a new low before a major rally. New low should be around 1.2650.
A break above 1.3200 would suggest that a major rally is already on.

For now: cover long. Short against 1.3200.
Also this fractal from 1997 shows potential for new lows below 1.20
https://twitter.com/VictorKerezov/status...

Comments

covered longs +150 looking to go long soon.
Reply
traderWgun traderWgun
*shorts
Reply
update 2: 1.3200 remains as key level to the upside. As long as we stay below there is downside risk to 1.2720 and 1.2650,
but I think there much more downside, but lets take 1 day at the time.
Reply
Possible head and shoulders in play
Reply