About meHi, my name is Laurent Scherer, I am currency trader and the founder of Lorbeer Investment.
For more information about the mirror trading service of LobreerInv. please visit: www.lorbeerinvestment.com
After realized profit of the BatPattern trades I am now looking at a short breakout trade.
The current price levels seems to be of importance for this pair as it turned around price action often in the past.
As advised 23/03. breakout out of Feb low price resulted in a sell of right towards the massive support area 107 - 106. Only 1/2 position invested as price never retraced to the 2nd entry. Prepared to take of position at 107.5 and look for long short term entries.
Another +250 Pips potentially to be earned on the pullback out of the above mentioned support area
I am watching this pattern for some while. I do not like the fact the price retraced almost 38,2% already before triggering an entry => some short term buying potential is already gone.
In addition, I will pay attention to the 1,272 & the 1,618 extensions of the latest swing as potential alternative entries, instead of entering aggressively.
I see price...
BatPattern on daily almost completed.
Volatility decreases on the daily so we have to expect less daily range going forward => less opportunity for higher timeframes due to more back and forth. Until price will breakout of the triangle it is about to form and hopefully after the summer holidays provide more opportunity again.
Be prepared to move to lower...
With EURUSD trading above the highs of Dec 16 and Jan 17, I will grateful for some buying opportunities on lower timeframes, short term until the completion of the weekly BatPattern to start selling short- and mid-term in the wide Resistance Area.
Already short on trend following set up
Looking to take trade Cypher tomorrow. I am not a hughe fan of Limit orders during the asian session... What about your opinion on trading the Asian session by limit orders?
Decent level to enter a short retracement trade. Technically the Cypher Pattern is invalid but the 38,2% retracement did not yet happen hence, I suggest that many potential Anti-trend short trades are still waiting execution...