With most traders looking to buy the pair, I am still seeing a lot more down to come.
Shorting this pair is my main bias although if structure gives me any setup to go long then it's exactly what Ill do. 'Trade what you see'
Sell limit order set as per the daily chart. Good luck :)
Will be looking for setups to short the EURUSD again this week. I am still sticking with my forecast from 2 weeks ago & believe that we will go & make a new low. Looking for a nice correction first & then a nice strong momentum candle for the entry. Good luck :)
The DXY has moved as predicted, the next move I'm looking for is a nice climb although with NFP this Friday we must be aware & put stop losses to break even on any US Dollar pairs or take profits before the news release. If all goes to plan it will play out nicely with the GBPUSD setup posted at the start of the week.
Click the like symbol if you agree. Good luck :)
I'm seeing a new low happening next week before the bigger move up. A very high % of retail traders are Long so the institutions will take out some stops before climbing.
Nice patterns appearing for a nice opportunity to get in on the Sell.
Good luck :)
Fibs, Candle patterns, Retest, Time - Plenty of ticks in my boxes to put this down as a high probable trade to the downside.
Any reasons to get short with your entry rules - Go for it. Sell stop would be the best method for entry whilst catching 'hopefully' a strong momentum candle.
Looking for price to give us another pullback & show some rejection at the low's with some nice wicks & an engulfing candle to confirm the trade.
Indicators showing divergence indicating loss of momentum to the downside.
Possibly making a corrective structure which would give a nice move up with an even better move down to follow.
Long term view so make sure stops are big enough to catch the move.
I will be looking to go long around the area of 110.000
Good luck :)