Minor tf's shows us we are in preparation of a big move up or not?
The main problem for eur as a currency
- we have crowd on the buy side,
- we have monthly trendline at 1.0874-54,
- US equities market can switch to a bearish market day-by-day, slow diving.
- eur still can't move above key 1.0967 lvl and attack upper lvls - big problem imho.
That's all can ruin again all upside and we can easily drop another 10-20 percent down this year instead of rising.
At this stage I think we shud look on monthly TL behavior first, then take action.
For those who still short on the minor WW move within EPA/ETA 6 expectation tgt 1.0888-94.
Cheers!
The main problem for eur as a currency
- we have crowd on the buy side,
- we have monthly trendline at 1.0874-54,
- US equities market can switch to a bearish market day-by-day, slow diving.
- eur still can't move above key 1.0967 lvl and attack upper lvls - big problem imho.
That's all can ruin again all upside and we can easily drop another 10-20 percent down this year instead of rising.
At this stage I think we shud look on monthly TL behavior first, then take action.
For those who still short on the minor WW move within EPA/ETA 6 expectation tgt 1.0888-94.
Cheers!
Trade closed: target reached
closed at 1.0904-08. Cheers!still can go lower, cus buy side interesting only at 1.0870-40 region
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.
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.