EU, this week eu should move lower into the pink lows but i don't see that happening until later in the week, first I see a reversal of minimum 140 pips. I won't be trading the longside though, just waiting for a good shorting position.
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DislikedHe Amy. Big fan. You are a very smart trader. I can see that you are a person to follow and learn from. I am currently seeing these dollar pairs show that the dollar should get stronger. There has been daily div on UJ and you are also thinking short on EU. I am long UJ right now and plan on holding it for a bit until this div plays out. I got in at 84.95 and have added to it at 85.20. I had a short pending on EU but I moved it up because of your entry. I am already in UJ so I dont need the trade. I still have 1% to trade with. Swiss has been choppy...Ignored
DislikedAU should move down into 8834 this week, if it moves down on Monday then it will probably continue into 8818. I am holding shorts from between 8880-9018 last week, I will take partial profit at 8834 and hold the rest to see how the week plays out.
The move down may not happen on Monday though, there is another pattern in play based off Fridays move up off 8840 that would normally see Monday and Tuesday either move up or remain choppy around current levels.
For later in the week once 8834 is hit au will have moved to the green lows 3 weeks...Ignored
DislikedEU should move lower this week as well into 1.2636. But the same 2 day pattern mentioned above could play out in this pair as well, I am holding shorts from 1.2900 and 1.2850 last week, if price moves up on Monday then I will place more short orders at Tuesdays resistance, I won't be shorting today. If price moves straight down then I will take part profit at 1.2636. I want to hold the majority of my shorts though as I think by the end of september eu will be making new lows for the year.Ignored
DislikedAU moved up exactly 140 pips from the lows on Monday, that is a common retracement level and good selling point if there are downside targets to be fulfilled. There have also been two 4 hr closes back below the midpoint at 8937 therefore I am back into shorts on Tuesday. Resistance is 8931 and the target is 8834. It's possible that Tuesday could be another consolidating day without a new low being made but there are enough bearish signs to get me back in today.Ignored