Gorbie
Long

EURUSD: long

FX:EURUSD   Euro/U.S. Dollar
Long to 1.1980–1.2150 area
Comment:
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Entry at 1.1074 area
Take at 1.1860—1.2060 area
Comment: Waiting for the last leg down. Entry at 1.1062—1.1034 area.
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Trade active: Keep going to 1.18+

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Comment: Bounce from buying zone.

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Comment: What's next?

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Comment: It's seems like Zig-zag ABC (5-3-5 structure).

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Trade active: Reentry at $1.1219—1.1173 area.
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Comment: Can be one more swing down before a bounce.
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Comment: Entry at $1.1120, stop below $1.1098
Comment: Unfolding the Zig-zag ABC (5-3-5 structure). Looking for entry at $1.1145 area.
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Trade active:
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Comment: Looking for additional entry after pull-back.
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Comment: Good reaction here. Book your profit above $1.1650
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Trade closed: stop reached: Did breakeven. Setup cancelled.
i have buy@1.14...please advise
Reply
Gorbie rit29
Place your stop at 1.1160... and wait price action. Take at 1.1980—1.2160. Good luck and safe trading!
Reply
dostan e farsi zaban pm bedan.
Reply
trtryytyrt5
Reply
Seems viable. I'm long already, agreed.
Reply
What about the Brexit? If the UK vote yes the Euro will drop. If they vote NO the Fed will raise in June and the Dollar will rise, so the Euro will drop again! What are youre thoughts on that?
Reply
IvanLabrie PRO mulleman.kurt
Are we there yet? Nope.
That's a very binary theory, regarding impact of Brexit vote and outcome.
I think it's more complex than that, and that it's priced in, as a volatility event, whatever the outcome is. (also, it seems unlikely that UK carries through with Brexit, but hard to say).
Reply
IvanLabrie PRO IvanLabrie
Bottomline, I'd go by the chart, and monitor extremes of social sentiment to act...right here, I'd say 90% of traders fear long euro trades, so I'm more inclined to go long.
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It is indeed a month away. But if the Brexit will not influence it what will drive the Dollar up? Do I miss something?
Reply
mulleman.kurt PRO mulleman.kurt
Sorry I mean down
Reply
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