IvanLabrie
Long

EURUSD: Alternative scenario, what if DB isn't a Lehman moment?

FX:EURUSD   Euro / U.S. Dollar
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Go long EURUSD above yesterday's close here, stop at today's low.
The sentiment has reached a negative extreme for the Euro and European banks, so it is possible that, as tim West rationalized, Deutsche Bank isn't a Lehman moment like everyone and their mother think.
Risk 1% here, to make a very nice return if we're right, and everybody else is wrong.
If not, tough luck, 1% won't kiss us.

Technicals:
  • RgMov uptrend
  • Brexit Key level of fundamental support held
  • Triangle here, but it can break up very soon.
  • Inside trendline above price, big trendline above it. People would be shocked with rallying EURUSD .
  • Monthly mode in EURUSD , time at mode signal could kick off, and follow the rally in commodities .
Cheers,

Ivan Labrie.
Comment:

Looks solid, didn't retrace at all after the London close.
Comment: Two typos, sorry: 'Tim West' (caps) and 'Kill us' not 'Kiss us' haha.
Have a nice weekend gents.
Trade closed: stop reached: This might break up eventually, but not yet.
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