IvanLabrie
Short

EURUSD: Possible monthly downtrend continuation spotted

FX:EURUSD   Euro Fx/U.S. Dollar
2 months ago
Let's enter short here, add on pullbacks if any.

Risk 1% max.

Good luck!

Ivan Labrie.

(I'll update with more information)
2 months ago
Comment:
snapshot
2 months ago
Comment:
snapshot


Brexit key level is gone, we're above the 2-month mode in USDEUR.

RgMov trend turned up really sharply.
2 months ago
Trade closed manually: I covered and flipped long, stop at today's open.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
1.08 is a strong support zone (weekly chart). It should definitely be one of the target zones if you are going to trade EURUSD lower. I kind of think that it has a potential for another short term bullish move in it. Good luck
Reply
IvanLabrie PRO themarketzone
2 months ago
I was under that impression too, but I'll short it for now.
Tomorrow should make this fail, or accelerate further, but judging by USDJPY, metals, bonds, looks like yields are increasing...Also makes me think we're seeing money flowing into the US, in the form of leveraged bets, which is what's driving USDJPY up, while stocks don't fall, or go up.
Thanks for the comments, cheers!
+1 Reply
xiiimik
2 months ago
Last comment contradict the first one. Why enter short on RgMov up?
Reply
IvanLabrie PRO xiiimik
2 months ago
snapshot


In this case, I think the USDEUR chart readings are more accurate. I'm seeing a rapid rally in USDJPY, normally, if we have money flowing into the US (now due to fears of Europe's collapse), we can expect leveraged bets by foreigners to increase, thus getting JPY and EUR (maybe GBP) loans, to finance long positions in US treasuries and stocks.
Reply
xiiimik IvanLabrie
2 months ago
Did not pay attention that it was USDEUR not EURUSD, sorry. Yes, I need to have an institutional experience, working on that. Thanks!
+1 Reply
IvanLabrie PRO xiiimik
2 months ago
I think it's worth a shot...my oil long is quite sizeable, so I want to have some diversification from 'dollar shorts'.
Reply
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