EUR/USD bearish analytics [June 1, 2017]

We trade US NFP news with the assumption that an increase in interest rates on June 15 will surely be raised; Or at least people buy this rumor. This setup is actually a high risk, because tomorrow June 2 will be out the news Non Farm Payroll US, if the results of the data is positive, then our position is safe; And a 'double top' price formation will be formed.

Cheers!

Comment:

UPDATE, June 2, 2017,

So non farm payroll data is worse than analysts' predictions, but unemployment rate data shows positive results. From the results of this mixed data release, the EUR/USD pair rose sharply through the price . We can go short now or wait, if it seems to me, it is better to just cancel our present position; And wait for a clearer price movement if we want short. We see next week if the opportunity arises.

Order cancelled:

Canceled until there is a better price action.

Comment:

UPDATE, June 6, 2017,

See there are 2 important news this week on June 8, 2017, ECB press conference and UK parliamentary vote. President Mario Draghi had shown a tendency that monetary stimulus is still needed even though the overall eurozone is quite stable. The situation in European countries is still shaken by the frequent acts of terror, also incriminating the strength of this currency. Overall, I see the EUR pair and also the GBP will slightly weaken this week.

Trade active:

The market rejected the price of almost three times. I think now the price movement is clear enough for us to take a short position at .

Comment:

UPDATE, June 8, 2017, i shorted it at , Now the price is at we can lock in our profit at for break-even if there are unexpected results of UK election and Draghi's press conference that cools the euro.

Comment:

i short a (1.127). oh well i just knew that we can't type comments using square brackets -_-

Comment:

UPDATE, June 10, 2017,

Move SL to entry for BREAK EVEN. Just in case the US rate hike on Thursday, June 14, 2017, is not as expected.

Comment:

UPDATE June 15, 2017,

Good luck for you guys who trade this! we got US rate hike + hawkish Mrs. Yellen!