I'm thinking the Euro is a huge short here. I'm short from a tad higher, but considering the reward to risk I think this is a very good trade to reccomend. Between 6 and 12 to 1 reward to risk ratio. Stop is 80 pips higher or so...Keep risk between 0.25% and 2% of your capital.
Target is hard to quantify, but it could be a long term top here since it was rejected at monthly resistance.
My guess is margin longs taken using Euro loans were sold, and this caused the recent rally in
EURUSD, in tandem with falling stocks.
Cheers,
Ivan Labrie.
Target is hard to quantify, but it could be a long term top here since it was rejected at monthly resistance.
My guess is margin longs taken using Euro loans were sold, and this caused the recent rally in
EURUSD, in tandem with falling stocks.Cheers,
Ivan Labrie.
Note
Good shorts3.amazonaws.com/tradingview/snapshots/j/JTHfM1Pb.png
Trade closed manually
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linktr.ee/ivanlabrie
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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.