It took a while, since we broke the low volume support above (white box), but now that we land on this strong support zone 
EURUSD can find buying again and turn up for a change. This might be associated with a rally in 
EEM, TLT and commodities as well. Keep an eye out for those charts, probably some good trades to take. I'm in TLT already, in good profit since last week, but would consider adding exposure to gold miners, and the Euro this week. I'd reccomend averaging in, but if you're adept at short term trading you can fine tune an entry with tight stops within today and tomorrow. The news this week, by the end of the week could prove dangerous though, so in my case I will opt for averaging in gradually each day of the week until Friday, using a wide stop loss to be safe. Risk reward is over 2.15:1 with that strategy, currently.
Best of luck,
Ivan Labrie.
EURUSD can find buying again and turn up for a change. This might be associated with a rally in EEM, TLT and commodities as well. Keep an eye out for those charts, probably some good trades to take. I'm in TLT already, in good profit since last week, but would consider adding exposure to gold miners, and the Euro this week. I'd reccomend averaging in, but if you're adept at short term trading you can fine tune an entry with tight stops within today and tomorrow. The news this week, by the end of the week could prove dangerous though, so in my case I will opt for averaging in gradually each day of the week until Friday, using a wide stop loss to be safe. Risk reward is over 2.15:1 with that strategy, currently.Best of luck,
Ivan Labrie.
Trade closed manually
I think the dollar might regain strength, fundamentals don't favor a rally in the Euro. Gold also not acting strong at all. Abandon ship...Note
Took a bit longer but here we go. Should be the bottom for the foreseeable future.
Note
If we break above the weekly mode as expected, we have solid confirmation for the bottom indeed.
Note
8H target hit, we did break above the weekly mode and daily is trending up.
Looks very good, might confirm a new weekly trend here, after next week.
Note
Last setup failed but the drop held and now looks to be turning up finally.
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.