I'm long 
EURUSD from 1.16 give or take, and aiming to add once we break out from weekly resistance, which I think we will be tagging within 2 more days. There's a significant chance that the prevalent opinion that the dollar bottomed and that we are seeing a 'head and shoulders' top in the Euro are wrong, and all those shorts get squeezed to death. This would create a furious rally that could take us close to 1.3 during the course of 3 months give or take.
Stay safe, stay a contrarian...Best of luck!
Cheers,
Ivan Labrie.
EURUSD from 1.16 give or take, and aiming to add once we break out from weekly resistance, which I think we will be tagging within 2 more days. There's a significant chance that the prevalent opinion that the dollar bottomed and that we are seeing a 'head and shoulders' top in the Euro are wrong, and all those shorts get squeezed to death. This would create a furious rally that could take us close to 1.3 during the course of 3 months give or take.Stay safe, stay a contrarian...Best of luck!
Cheers,
Ivan Labrie.
Note
We hit the weekly mode on time, as I expected...now we need time to break up, so we will likely go sideways until it is doable.Note
Now we should go sideways for a few days like I predicted.Trade closed manually
I'm out for now, but watching closely.
Note
I bought back 2 days ago, adding gradually for 2 more days.
Clearly I was right with my initial asessment.
Note
Bought into strength here.Note
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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.