EURUSD may reach a new action point before the ECB and mark a new leg down to the trendline. Once the FED rate hike is out of the desk, the only strengh for US Dollar should come from the risk-off environment.
Next risky events are the ECB decision and Chinese foreign reserves plus trading balance stats. Looks like some of them will not be risk-favorable...
I will short EURUSD from 1.1270 level, targeting 1.1060. If pattern is confirmed, 1.1060 will be a very good level for entering long-term long positions.
Trade attivo
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Short order active
Trade chiuso manualmente
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Short order closed at breakeven but the pattern has not been invalidated
Ordine annullato
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Now invalidated
Trade attivo
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Incredible but the pattern had finally survided. Looking to secure 1.1230 level to short. At least 4H candle has to close below 1.1230
Trade attivo
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Shorting the pair now and will add shorts from 1.1290 if price gets there
Commento
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Rejected by 38.2% once again, adding shorts at 1.1261
Commento
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Two thirds done, last meters are always the most difficult ones...