I haven't had a look at the EURUSD for a while... UNTIL TODAY
Hey Guys,
I thought I would try out the video feature on Trading View. Excuse the background noise. As the video hasn't been scripted and it's difficult to explain how I frame the markets without spending over an hour going through it in detail, I did my best to convey my outlook on the EURUSD.
1. Larger shorts are still in play and have not yet failed.
2. One may get a counter-trend (to the larger short setup) opportunity long but will require confirmation before entry, from the lower time-frames.
3. Previous swing short positions outlined on the video were great but I haven't had a look at the EURUSD for a while because it was in a bit of a range This meant, I missed the first long setup which I outlined in my video. However, that's not the end of the world because if confirmation is given and price does retrace back to my area of interest, I will look for confirmation to enter long on a swing approach until longs either fail the counter-trend or a signal to exit arrives.
EURUSD Position: Neutral - currently not in any positions as outlined above.
Please note - although the larger setup short is still valid, as markets do not move in straight lines, there will always be counter trades, swing trades, and day trading opportunities available depending on your trading strategy.
I thought I would try out the video feature on Trading View. Excuse the background noise. As the video hasn't been scripted and it's difficult to explain how I frame the markets without spending over an hour going through it in detail, I did my best to convey my outlook on the EURUSD.
1. Larger shorts are still in play and have not yet failed.
2. One may get a counter-trend (to the larger short setup) opportunity long but will require confirmation before entry, from the lower time-frames.
3. Previous swing short positions outlined on the video were great but I haven't had a look at the EURUSD for a while because it was in a bit of a range This meant, I missed the first long setup which I outlined in my video. However, that's not the end of the world because if confirmation is given and price does retrace back to my area of interest, I will look for confirmation to enter long on a swing approach until longs either fail the counter-trend or a signal to exit arrives.
EURUSD Position: Neutral - currently not in any positions as outlined above.
Please note - although the larger setup short is still valid, as markets do not move in straight lines, there will always be counter trades, swing trades, and day trading opportunities available depending on your trading strategy.