considering a short daytrade position , target around 54 to 52
As I am awaiting a market sell off, I'll be buying Deutsche Bank at a price between 4 - 6 Euro / share. Its a beautiful opportunity. Keep that one on my watchlist
added a 10th long position in EURUSD TP well above 1.40s - 1.50s SL at 1.11 (will be adjusted if needed)
Key levels to look out for when analyzing the index.
We might be seeing a drop on EXY as it is testing our first resistance. Stochastic is on resistance too.
DXY is heavy in the Euro. Euro stock market peaked end of 1999. This caused huge rise in DXY starting in 1999. Huge rise in DXY keeps WTI & GOLD down like it always does in the central bank era. Europe begins to recover in 2002 which causes DXY to fall. WTI & GOLD rises rapidly as DXY crashes. WTI rises much quicker than GOLD. WTI becomes unsustainable and...
Euro index is approaching its resistance at 7.025 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 6.9958 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur....
Chart says weakness, Brexit says strength... Which will it be? XXX/EUR - Bullish? EUR/XXX - Bearish?
I am looking at a Long Position to 113 TVC:EXY Based on the Harmonic Pattern Drawn, I look for the Retracement of the final leg (D) to go 50% on Fibonacci which lies around 113 range This is not a recommendation to take this trade This trade was posted for educational purposes only
I believe this range can extend up to 5 months in time until mid July , then we shall have a strong rally up.