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Manu76
Apr 7, 2020 11:26 AM

weakness while pushing up 

Euro Fx/U.S. DollarFXCM

Description

Following this uncertain eurusd I expected the last bullish impulse but was not sure about the strength. While the price may move higher it can also continue to drop.

Comment

As I expected the bullish impulse was stopped and there was a correction down. From here the market can try to make another swing up but the stochastics on the 1H let me think there's a huge chance to see the market break down.

Comment

Trade active

Long

Comment

Still long

Comment

Keeping it open. Will look only for a reversal trade short below 1.08102

Comment

Keeping this trade open long for a mid-long term. Actually, there's still weakness in eurusd. Looking to the stochastics I decided not to open a short before really breaking the last low and only if I get a sell confirmation with after this because even this could be a fake. I have added a second target now around 1.13000. But no real sells in sight even if the market this week could be disappointing.

Trade closed: target reached

Comments
transparent-fx
I will be monitoring EU as well, my view
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