Gorbie
Long

EURUSD: long

FX:EURUSD   Euro Fx/U.S. Dollar
791 14 17
8 months ago
Long to 1.1980–1.2150 area
8 months ago
Comment:
snapshot

Entry at 1.1074 area
Take at 1.1860—1.2060 area
7 months ago
Comment: Waiting for the last leg down. Entry at 1.1062—1.1034 area.
snapshot
7 months ago
Trade active: Keep going to 1.18+

snapshot
7 months ago
Comment: Bounce from buying zone.

snapshot
7 months ago
Comment: What's next?

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

snapshot
7 months ago
Trade active: Reentry at $1.1219—1.1173 area.
snapshot
7 months ago
Comment: Can be one more swing down before a bounce.
snapshot
7 months ago
Comment: Entry at $1.1120, stop below $1.1098
7 months ago
Comment: Unfolding the Zig-zag ABC (5-3-5 structure). Looking for entry at $1.1145 area.
snapshot
7 months ago
Trade active:
snapshot
7 months ago
Comment: Looking for additional entry after pull-back.
snapshot
7 months ago
Comment: Good reaction here. Book your profit above $1.1650
snapshot
6 months ago
Trade closed: stop reached: Did breakeven. Setup cancelled.

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IvanLabrie PRO
8 months ago
Seems viable. I'm long already, agreed.
Reply
mulleman.kurt PRO IvanLabrie
8 months ago
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
8 months ago
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
8 months ago
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.
Reply
mulleman.kurt PRO IvanLabrie
8 months ago
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
8 months ago
Sorry I mean down
Reply
IvanLabrie PRO mulleman.kurt
8 months ago
We don't need to know exactly why, we can theorize about it, but the most important thing to trade is the reaction the market shows in the charts.
Then we trade accordingly. Noting key levels and looking for extremes of sentiment and agreement of the 'crowd'.
The dollar is in part oil, and against the euro and yen, it's policy divergence. So, broadly making a dollar index chart and speculating on it is a bit futile in my opinion. Different dollar elements might do dissimilar things quite often.
Gorbie's chart makes sense from a technical standpoint, and aligns this bottom with a sentiment extreme in the euro. It's viable to look for longs in this overextended move.
Reply
mulleman.kurt PRO IvanLabrie
8 months ago
I try to add some fundamental analysis to the technical analysis to understand the market and the way it is going. That's all, sorry for asking.
Reply
IvanLabrie PRO mulleman.kurt
8 months ago
Gorbie is strictly a technician, he does post quality work too.
As a sidenote, if interested in discussions like these check out my publications or the chatroom linked in them.
Cheers.
Reply
Gorbie mulleman.kurt
8 months ago
The fiscal acts, social mood and news are interesting for conversation between friends and mates. I don't know how it's using for trading.
Reply
NAZANIN
8 months ago
trtryytyrt5
Reply
NAZANIN
8 months ago
dostan e farsi zaban pm bedan.
Reply
rit29
8 months ago
i have buy@1.14...please advise
Reply
Gorbie rit29
8 months ago
Place your stop at 1.1160... and wait price action. Take at 1.1980—1.2160. Good luck and safe trading!
Reply
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