EURUSD

Three shorts looking at a daily chart.

Well.....we got the requested stab up..above 1.11 10 Looking for signs of maturity...

Shorted to early. Price trying to cross daily R2.
Running after a train that has left the station is not a good idea.

Closed shorts with a profit. Lucky
Price came off daily R2.

Was out of desk for a while.... I had orders to sell at 1.11 20 and 24. Were not hit. Sold at 1.11 02 on the way down.

the fact that the 50% level at 1.1125 was not hit is an extra bearish sign .imho .....

SL now 1.1119

Managed to get in short today from Weekly Pivot 1.1115, and a few more shorts lower in the 1.1109-5 range. Was hoping my 1.1122 would get hit but did not. Now sitting heavy on Shorts and waiting for this to go down. Would love for it to hit S100 Pivot 1.1029 this week, but will just have to play it as it goes. Will set a TP1 at 1.1062 to ensure I get some quick profit. Will set TP2 and TP3 lower.

Now= 1.1086 SL on shorts at 1.1096 .......

though on support weekly still waiting breaks & close weekly below 1.1074 / better 1065 to continue correction . so waiting for next action .Take care

Staying the course......SOUTH...... lowered SL at 1.10 87......

#EURUSD / H4 / Three Counters / Bullish Idea

I plan to short at 1.10 95 IF seen.....

Long term EU is down trend ...


SHORT eu , .....
Currently , can 1 lot can earn USD5 swap per day .


USD5 X30 = USD150 per month .
go for 10 lot ==> USD1500 just holding 10 lot short.

Find EU peak and short + HOLD ....
capital gain + swap gain = double win .

if capital USD10K to short 10lot ......
return usd1500 ===> 1500/10,0000 ===> 15% return

no bad for carry trade.

95 was almost BUTnot hit......I sold at market at 1.1091 now.

Price crossed daily pivot and backed off. I believe price will touch S1 so I placed short positions.

closed shorts.
will wait for new upward swing.

Here is an interesting study I did you get a feel if daily pivot will be touched.
80% of the time, price will touch pivot some time during the day. Green candles is when price touched daily pivot.

One more observation. 75% of the time price will touch either R1 or S1. This daily chart shows red candles are touched by price by either R1 or S1 and that is why I think price will touch S1 today. No more major news today so I don't think R1 is in today's picture.

now the chart looked BEARISH for EU.

and
https://www.forexfactory.com/news/97...s-tariffs-with


EU respond with TARIFF,
i expect the big shark would use this opportunity to SPIKE EU to stop hunt SHORT orders....

but not happening ...

i wonder why ?

$JY now 109.87 Longed here with SL at. 82