EURUSD only
- #154,542
- Aug 16, 2022 1:16am Aug 16, 2022 1:16am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,432 Posts
Looking for profitable short term trades ...|
- #154,546
- Edited 2:00am Aug 16, 2022 1:49am | Edited 2:00am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #154,548
- Aug 16, 2022 2:13am Aug 16, 2022 2:13am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #154,550
- Aug 16, 2022 2:24am Aug 16, 2022 2:24am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,432 Posts
{quote} I don't know how much this bounce from Weekly S1 will hold, but should be inside this hourly channel and below 1.0224. Edit: price can travel 63 pips today. {image}
{quote} Broke down as expected the most. Now this move can even travel below 1.0100, I will be fine with 1.0107, but I'll wait the ZEW release later to see whats going on, its early yet. The area around 1.0156 (Weekly S1) should be a sell opportunity.
A continuation of the downtrend to 1.0107, or below, or a break up!
Looking for profitable short term trades ...|
Tuesday's London session.
Let's investigate this Wyckoff distribution idea for a while.
We don't usually see Wyckoff plays out in the currency market, save for a few occassions when market volume was low, i.e. post-Christmas Dec-Jan season.
EURUSD is certainly going down. Question is, how low can it go?
We're currently trading through summer, coming to the end. Volume likely pick up again, as early as next week, if not then, by early September.
Trend could reverse very quickly.
If it is indeed a Wyckoff trend, I would expect price action to quickly dip to 1.01 handle.
It may subsequently make attempt to test 1.005 level as early as this week.
I'll continue to buy any dip that come along.
I'm not concern since I'm trading extremely low leverage, and my trades are also hedged.
Will it go down to 1.000 again? Let's see. That is going to be fun
Cheers,
Cat
Let's investigate this Wyckoff distribution idea for a while.
We don't usually see Wyckoff plays out in the currency market, save for a few occassions when market volume was low, i.e. post-Christmas Dec-Jan season.
EURUSD is certainly going down. Question is, how low can it go?
We're currently trading through summer, coming to the end. Volume likely pick up again, as early as next week, if not then, by early September.
Trend could reverse very quickly.
If it is indeed a Wyckoff trend, I would expect price action to quickly dip to 1.01 handle.
It may subsequently make attempt to test 1.005 level as early as this week.
I'll continue to buy any dip that come along.
I'm not concern since I'm trading extremely low leverage, and my trades are also hedged.
Will it go down to 1.000 again? Let's see. That is going to be fun
Cheers,
Cat
- #154,552
- Aug 16, 2022 2:48am Aug 16, 2022 2:48am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #154,554
- Aug 16, 2022 3:02am Aug 16, 2022 3:02am
- Joined May 2014 | Status: Full Time Trader | 27,111 Posts
Focus only on what truly matters!
- #154,556
- Aug 16, 2022 3:54am Aug 16, 2022 3:54am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
