Timing is key
Short

Possible Short Squeeze on the EU 60!

FX:EURUSD   Euro / U.S. Dollar
533 7 6
Hello all,

With a ST             bearish context and a lackluster bounce at the major support 1.10700, I am looking to take a short play at the Median Line within the blue zone should we get to that level. This will create the first lower top within the corrective move and put me into the ST             bearish trend . Nice minimum R2.33 on this one.

Let's see if we get a fill.

Sincerely,

TIK
Nice one ;)
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Timing is key IvanLabrie
Thanks Ivan
+1 Reply
IvanLabrie PRO Timing is key
Welcome!
I hope you didn't have a tp though...or not full tp.
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Timing is key IvanLabrie
My target was always the pink horizontal support on 2 orders with 2 separate entries, 1st order entry was at Red ML first touch ( Loss -30 ) 2nd order entry at blue ML first touch ( Profit 105pips ) Net gain 75 pips. maybe I needed to be a little clearer in my description. This was a straight range play as they institutions love flushing out the stops on a short squeeze:) As I said earlier the meager bounce @ 1.107 support coupled with the previous Zoom Bar off a downward fork where "Big" Bearish Tells from a pure Price Action Viewpoint.

Sincerely

TIK
+1 Reply
Can you please share your thoughts? How do you think where the market EURUSD will go most likely? Bearish or Bullish! I know you are pro so I really want to know your thoughts on this one and compare it with mines!

What numbers we can expect in long term? Bearish or Bullish?

Thanks a lot!
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Hello, Cartelversus, If you compress this chart you will notice a substantial downtrend with a recent corrective pullback. Unless some major correction takes out the most recent swing high's. I will look at pullbacks to get in short. The long term trend is bearish, If you put up a monthly chart you will see a massive Euro Selloff since last year 2014. My trade location on this one was at the median lines of the pitchforks.If you notice the previous zoom bar to the downside that cleared the Big Red Median Line....That was the major Tell! that told me more downside is coming. As to where it's going......1.10 is probable.
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Hello TIK
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