TradeApe
Short

EURUSD Short Term Outlook

FX:EURUSD   Euro Fx/U.S. Dollar
261 3 4
Given the absence of any credible long signals on any of the timeframes down to M15, I'm still looking for shorts.

My line in the sand (LITS) is at 1.0625. I'll only consider longs above that level. ADX is right around the 20 level which is a very nice point for a breakout. DI+ being above DI- suggests the bulls are currently a bit stronger, so I'm expecting price to move up a bit towards my LITS before reversing.

Just a matter of waiting for the short signal...patience. Of course if 1.0625 breaks to the upside (credibly), I'll have to revise my bias.

Related Ideas

TradeApe PRO
2 years ago
Price moving nicely closer to my LITS...waiting for a cheaper price to hop in short.

ADX below 20 now which isn't surprising given it's Sunday night. No trade atm.
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TradeApe PRO
2 years ago
:)
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TradeApe PRO
2 years ago
Not great, but a winner...
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