HiTech
Short

EURUSD - THE START OF DECLINE

FX:EURUSD   Euro Fx/U.S. Dollar
1683 15 15
Details on the chart

Related Ideas

Wait a sec? THe EUR/USD or the GBP/USD?
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HiTech PRO futuresecuritieslawyer
2 years ago
both :)
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futuresecuritieslawyer futuresecuritieslawyer
2 years ago
NVM, i got it. USD should start to boner, metals show weakness and shorties get paid !
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Don_Corleone PRO
2 years ago
I also think it's a good position to short.
Thx for your thoughts.
Good day,Good trading!
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HiTech PRO Don_Corleone
2 years ago
my pleasure, good luck
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dp
2 years ago
How do you find those cycles and what is their length, please?

It's more or less obvious that the can appear and disappear.
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HiTech PRO dp
2 years ago
this is quite complicated to explain everything it would take teaching (that I do for $) but cycles are - Fib Time Zone
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dp HiTech
2 years ago
Thanks, will follow your predictions :)
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HiTech PRO dp
2 years ago
of course :)
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SteveTobin PRO
2 years ago
Hi, thanks for sharing the idea. I am a little concerned about the double top, absence confirmation is seems difficult to call it at this stage. I agree that resistance usually holds but I am not sure I would bet on it particularly with the general USD bearish sentiment in play at the moment. If the double top does hold the short trade may face resistance at 1.07 the previous swing low which is part of a sequence of gently improving higher lows.
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HiTech PRO SteveTobin
2 years ago
The dollar is still in the bullish phase that ends in two weeks from now. Then the mid/long term cycle will begin, potentially for the weak dollar.
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nigwe
2 years ago
Thanks for your nice chat and details, but I think EU will touch 1.098ish before the next drop. I feel that daily and weekly technicals still show sign of short term bullishness. Just a thought.
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HiTech PRO nigwe
2 years ago
Just a though does not have value in trading, any technical, fundamental evidence of your thoughts?
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Don_Corleone PRO HiTech
2 years ago
Well,we might hit a s/l on this one.Looks like resistance level is broken.
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nigwe HiTech
2 years ago
I'm not as experienced as you are. I follow your charts sometimes and I learn from you. I work off moving averages, stochastics and trend patterns. It seems my guess on this one was right though, at least, so far. Thanks for charts always.
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