{quote} I presume its a bear trap, I may be wrong.
- #1,120,021
- Jun 28, 2017 1:54am Jun 28, 2017 1:54am
- | Membership Revoked | Joined Jun 2017 | 1,576 Posts
- #1,120,022
- Jun 28, 2017 1:55am Jun 28, 2017 1:55am
{quote} Its a double candle which indicates it is going down!!
- #1,120,024
- Jun 28, 2017 2:03am Jun 28, 2017 2:03am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} bro what is the probability that yesterday's price channel will be broken ? yesterday's impulsive wave is gone, today's is still holding , waiting for that to subside {image}
My plan was to open shorts between 1.1350 - 1.1370 the bull fatigue zone
I'm also reading some fundie analysis now about bond markets wich shows a limited upside for the euro but technical analysis suggest further potential
Adding, Big Dogs are taking profits on the way, absorbing retailer's money in small short rounds then buying more?!
Sorry, TBH I'm not really sure where to put my stake yet
edit: add the Central Banks chairs speeches ...range & spikes to come most likely
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- #1,120,025
- Jun 28, 2017 2:04am Jun 28, 2017 2:04am
- | Membership Revoked | Joined Jun 2017 | 1,576 Posts
- #1,120,026
- Jun 28, 2017 2:04am Jun 28, 2017 2:04am
- | Joined Apr 2017 | Status: Ohh no... | 89 Posts
Searching for some order in these apparent chaos...
- #1,120,027
- Jun 28, 2017 2:08am Jun 28, 2017 2:08am
- | Joined Nov 2010 | Status: Trader | 65 Posts
{quote} As I mentioned in my outlook earlier, I expect the correction. My plan was to open shorts between 1.1350 - 1.1370 the bull fatigue zone I'm also reading some fundie analysis now about bond markets wich shows a limited upside for the euro but technical analysis suggest further potential Adding, Big Dogs are taking profits on the way, absorbing retailers money in small short rounds then buying more?!
Reasoning: I think that yesterday's move was exaggerated as the ECB tightening someday is not really braking news. Additionally I think that this moment (tightening) is in a more distant future than the market expects since yesterday. Today there is already voices from the ECB that somewhat dampen what markets thought to have heard from Draghi yesterday: https://www.forexfactory.com/news.php?do=news&id=678916
That said I think that - in the short term - the Euro is overbought both fundamentally and technically.
- #1,120,029
- Jun 28, 2017 2:17am Jun 28, 2017 2:17am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
Always looking the GREAT, never left GOOD Point...
- #1,120,030
- Jun 28, 2017 2:18am Jun 28, 2017 2:18am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Me neither, but I am tempted to short. Reasoning: I think that yesterday's move was exaggerated as the ECB tightening someday is not really braking news. Additionally I think that this moment (tightening) is in a more distant future than the market expects since yesterday. Today there is already voices from the ECB that somewhat dampen what markets thought to have heard from Draghi yesterday: https://www.forexfactory.com/news.php?do=news&id=678916 That said I think that - in the short term - the Euro is overbought both fundamentally...
Tapering (even as a hint) is a "big" word for the market's sentiment and it always meant green pips for the euro.
Now, if the "voices" are right and the ECB will dump Draghi's position, we'll see an euro collapse soon.
For now I (fore)see ranges & spikes for a while (at least until the speeches)
(thx for the link)
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- #1,120,031
- Jun 28, 2017 2:21am Jun 28, 2017 2:21am
- | Joined Apr 2017 | Status: Ohh no... | 89 Posts
Searching for some order in these apparent chaos...
- #1,120,032
- Jun 28, 2017 2:21am Jun 28, 2017 2:21am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
Looking for trading idea. Buy or sell at current level? Thanks in advance
- #1,120,033
- Jun 28, 2017 2:23am Jun 28, 2017 2:23am
- | Membership Revoked | Joined Jun 2017 | 1,576 Posts
- #1,120,034
- Jun 28, 2017 2:24am Jun 28, 2017 2:24am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I'd sell, then buy, then sell, then buy, then buy, then buy, then sell
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- #1,120,035
- Jun 28, 2017 2:24am Jun 28, 2017 2:24am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
{quote} I'd sell, then buy, then sell, then buy, then buy, then buy, then sell
- #1,120,039
- Jun 28, 2017 2:29am Jun 28, 2017 2:29am
- | Membership Revoked | Joined Jun 2017 | 1,576 Posts
{quote} Anyway, if you entered when you called short, you could have collected some profits by now.
I saw profits but I held back closing form. I had vision 30pips
- #1,120,040
- Jun 28, 2017 2:30am Jun 28, 2017 2:30am
- | Joined Dec 2013 | Status: Day Trader | 176 Posts
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