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- Alorente replied 46 hr ago
Good Morning. My longer term view on EurUsd is slowly changing. I am more inclined now to accept the scenario of consolidation to the 1.0680 to 1.0690 level, followed by a break to the upside of the downward expanding formation and on to 1.1000 and ...
- Alorente replied Apr 26, 2024
I now consider 1.0700 has been tested and not broken. It can try again, but there is potential for higher here.
- Alorente replied Apr 26, 2024
Yes, I know that. I am talking about today. The Now...
- Alorente replied Apr 26, 2024
I donīt feel good either way. It could go anywhere in my view, so it probably will stay around where it is. Iīm staying out of this one.
- Alorente replied Apr 26, 2024
Out of the shorts at 1.0715 for 50 pips. Better than nothing I guess... Will sit on my hands until after the Red news.
- Alorente replied Apr 26, 2024
I changed the TPs on all 3 shorts to 1.0705. Will reenter shorts later, closer to 1.0780. Till it gets there, maybe Iīll be scalping long after it tests 1.0700. A lot depends on the crucial inflation data today. A big number and all bets are off...
- Alorente replied Apr 26, 2024
I agree with you. EU wants to go higher, but first it should test 1.0700 maybe today.
- Alorente replied Apr 25, 2024
Ata, it is truly amazing to me how having been caught on the wrong side of hot news, you can fight it out and end the day up close to 10%. Truly out of this world. Yes, I know... Off topic, but I couldnīt resist mentioning it.
- Alorente replied Apr 25, 2024
Well... there was luck involved too. I am not quite sure EU is ready to roll over. It may want to crawl up to 1.0700+ before throwing in the towel. I feel pretty certain the future is lower, but not in a straight line...
- Alorente replied Apr 25, 2024
This worked out just as planned. New sells were opened at the 1.0735 and 1.0740 limits. All three have targets of 1.0600.
- Alorente replied Apr 25, 2024
Sold EU at 1.0728. Will sell again at 1.0735 and 1.0740 if it gets there. Target 1.06
- Alorente replied Apr 12, 2024
Closed all shorts at 1.0670. We may get a bounce now.
- Alorente replied Apr 10, 2024
Iīm still holding till my target at 1.0680.
- Alorente replied Apr 8, 2024
Iīm holding till my TP at 1.0680 on this swing for the reasons I mentioned in my previous three posts.
- Alorente replied Apr 6, 2024
If we do get another leg down next week, possibly triggered by CPI, and using the targeting tool that Ata likes to use, the target for the third leg down could be 1.0680
- Alorente replied Apr 6, 2024
Excellent analysis. If as you suggest, we move higher from here, I will be hedging my longer term shorts right along with you.
- Alorente replied Apr 6, 2024
Good Saturday to all around the world. I was looking at the Monthly chart this morning to get a longer term perspective of EurUsd. On the right side you can see the Green line in the sand that appears to be breaking now. I drew parallel lines to ...
- Alorente replied Apr 5, 2024
I donīt pay too much attention to the bounces. I am trying to stay focused on the end line, somewhere at or under 1.0700. When I was younger the zig zags used to bother me a lot. Not anymore...
- Alorente replied Apr 5, 2024
Itīs probably going to take till next week to bring it down again and today it may bounce to 1.0850 or 60, but the beast is wounded.
- Alorente replied Apr 5, 2024
Iīm OK with a slow, choppy descent. Especially with positive swap over the weekend.