EURUSD August - Is the Euro still Toast or not

Just closed my short on eurusd the way down. Closed everything. Pips are banked.

It went down even more. In my opinion, this was pretty accurate. Good for today. Couple hundred pips right?

Yeah, that was a great call!

Magic

Would you mind explaining your chart as it doesn't really tell me much. Thanks.

What do you want me to explain? Or what do you like me to say?
That I used magic trendlines? Magic Bat/crab patterns?

I don't believe the things investopedia tells us. Oh go long because of the double bottom. (Everyone places their stops below that double bottom) Price comes back and takes everyone out.

More than 93% loses consistently in Forex. That's why I trade against the crowd.
Even some medium banks lost their shor positions in EURUSD.
It was a no brainer EURUSD would go down again because it could not substain.

Central banks taking profits. EURUSD went down. Central banks pushed the price up to run some stops. Those stops become market buy orders, abd they were selling again.
I went short & Faded that move, knowing price would come back down. It went way too fast up anyways. Unefficient price action is what is it called.

And offcourse price felt back a bit above the central bank accumulation/woodchipper stage.

I look different at the market. Visit my blog. Blog.FxRaid.com