Dec 15th, 2020 : Buy to 1.232 then Sell BIG ...
Been short ever since.
Not happy about it since I am European but at least the chart worked perfectly.
After all we only need 1 trade like this per year, it's enough.
One Love,
the FXPROFESSOR
ps. we will probably see parity this summer..wow
The euro has started the week with sharp losses as it struggles to stay above the 1.07 line. In the North American session, EUR/USD is trading at 1.0717, down 0.73% on the day.
On Sunday, President Emmanuel Macron won a decisive victory over Marie Le Pen of the extreme right, by a score of 58% to 42%. The markets reacted with relief rather than elation, given...
📌 ridethepig | CAC Market Commentary 2020.11.25
The stem for the ending of a retrace and intentions of a turn...
Breaking down ahead of US elections was strategically important.
This was not a typical personality vote, the motives of Democrats are rather exclusively known and transferring the power here will indeed be revolutionary. Neither side can...
📌 So what are we trading here today?
Generally speaking, European Equities including CAC are under severe pressure and need a herioc sacrifice from ECB which is just not in play. Additionally we also have a fresh catalyst from the latest Macron stance triggering boycotting and prevention of L'Oreal products in Muslim countries.
There is a lack of...
📌 A short update on French Equities that are also full of dramatic events.
The nature of the down cycle came after the infamous leg we played to the topside and began profit taking. How to spot an early discovery of the flows?
The diagram clarifies the relationship between the ending of wave 5 and the beginning of the initial 'A' leg with Covid. This...
Looking at a basket of Sterling pairs on a variety of time-frames.
(You can add this to your own watchlists by copying this code: GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR )
There appears to be some evidence of a bottom shaping on the 4-hour chart.
Expecting a bumpy ride with Sterling, but I believe the Risk/Reward is looking favourable in the short...
