I hope you enjoy the ride now after the annoying morning dip due to some idiot "push it down at any price" action!
It looks like the 1,1345 break is happening right now. And it is Friday, end of week, so possibly the weekly candle will be bullish too. Let's see how US will join this game today. Will American bears try to deny/pretend/protect, or will they capitulate against increasing bullish investors.
- Price above Kijun Sen and trying to break above Kumo, strategic bearish trendline and horizontal res. lvl. - Heikin Ashi daily signal is firm bullish with increasing momentum! - Weekly Heikin Ashi close will possibly be bullish.
Pls check all other USD crosses too! Choo-choo! Reversals all around.
I trailed my stop slightly above my original entry. I cut off my GBPUSD longs though, as I am bearish for both pairs. I opened EURGBP long instead.
From now on my strategic trade idea is: short USD and GBP, hold longs against them as a basket of other ccys.
Comments
IvanLabrie
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Looking to add today, I have a pending buy lower, seems like we might get a small selloff.
What's your support level for it? I arrived at anything above 1.12, basically.
Kumowizard
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1,1250 should hold as ultimate support. It is very possible that knee jerk sellers will push it down during ECB press conference. So probably better to wait until the ECB comedy is over, and take the signal after.
Yesterday we had Kijun retest. Today candle will be important. I will post updates on EURUSD later today.
IvanLabrie
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Great. I have a pending buy around there, the 4h chart gives me a sell signal that aims for 1.12585 in 4 4h bars, but it's about to fail. (a failure is bullish)
A move above the red line is a failure (1.1374)
IvanLabrie
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Yes, dollar's done...FOMC minutes sealed the deal, add IMF meeting on weekend and we got a massive gap up open next week.
I like that you're not biased in your forecasts and trade setups.
Check out my idea:
MarkLangley
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small correction then boom off to 1.17 enjoy your analysis keep it up
Kumowizard
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so far the way seems to be as you mentioned. I got out of my longs on a trailing stop at 1,1455, but started to reload some ytday.
What's your support level for it? I arrived at anything above 1.12, basically.