⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Downtrend Retracement
— CounterTrend: YES (moderate risk trade)
TEHNICAL ANALYSIS
—The price is currently trading below the 50-day moving average (MA), which is a bearish signal.
—The MACD indicator is also bearish, with the MACD line below the signal line.
—The RSI indicator is neutral, with a reading of 50.
FUNDAMENTAL ANALYSIS
Bullish Factors
— The European Central Bank (ECB) is expected to keep interest rates low, which will make the euro more attractive to investors.
— The eurozone economy is expected to grow at a faster pace than the US economy in the coming quarters.
— The eurozone is a net exporter of goods and services, which will benefit from the stronger global economy.
Bearish Factors
— The US dollar is strengthening against most other currencies, which could weigh on the euro.
— The US economy is expected to grow at a faster pace than the eurozone economy in the coming quarters.
— The US Federal Reserve is expected to raise interest rates more aggressively than the ECB, which could make the dollar more attractive to investors.
— Momentum: Big Picture Uptrend
— Price Action: Downtrend Retracement
— CounterTrend: YES (moderate risk trade)
TEHNICAL ANALYSIS
—The price is currently trading below the 50-day moving average (MA), which is a bearish signal.
—The MACD indicator is also bearish, with the MACD line below the signal line.
—The RSI indicator is neutral, with a reading of 50.
FUNDAMENTAL ANALYSIS
Bullish Factors
— The European Central Bank (ECB) is expected to keep interest rates low, which will make the euro more attractive to investors.
— The eurozone economy is expected to grow at a faster pace than the US economy in the coming quarters.
— The eurozone is a net exporter of goods and services, which will benefit from the stronger global economy.
Bearish Factors
— The US dollar is strengthening against most other currencies, which could weigh on the euro.
— The US economy is expected to grow at a faster pace than the eurozone economy in the coming quarters.
— The US Federal Reserve is expected to raise interest rates more aggressively than the ECB, which could make the dollar more attractive to investors.
Trade active
🤑 I shaved 50% of my EURUSD position @ TP1
🤑 I shaved 50% of my EURUSD position @ TP2
📈 I'm anticipating the possibility of PA pulling back up to MP @ 1.0950 area
Confirmation of the UT will be dependent upon PA opening/closing above 1.0911
📉 I placed an add-on SLO @ 1.0947 (3m)
Note
Now that PA has pulled back, I'm anticipating that it will start shorting again around 1.0929 🤞SSO @ 1.0925 (add-on)
Trade active
FYI: Unless PA opens/closes above 1.08718, I'm holding my short positions
Trade active
EURUSD...DT (9m)
✍️ As anticipated, PA triggered our +SL and we made +60 pips
📉 After that, we anticipated both of our SSOs triggering and they did
🤑 As of now our combined Net Equity on our Sell Orders is @ +19 pips — and counting‼️
Trade active
🆒 UPDATE / ADD-ON 🆒
SSO1 @ 1.0882 📉 +62 pips
+SL @ 1.0878 🚫
SSO2 @ 1.0866 📉 +46 pips
+SL 1.0862 🚫
SLO @ 1.0845 ⏳ (add-on)
TP @ 1.0755
🤑 Now that the EUR News has moved PA in our favor our combined Net Equity is @ +108 pips and counting
📈 With such a massive drop, I'm anticipating a PB to use previous Support @ 1.0847 as Resistance
⏳ New SLO added
🚫 SL MODIFIED for each sell position
Professor C. E. Ward
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.
Professor C. E. Ward
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.