This is one of my longterm portfolio trades, I've been a Bull since August last year and sold my position and reversed into a Bear in May, we're now back into the range box and after a pullback up to 1.55 (unless we get further Swiss strength and fall now), I'm expecting a move down to 1.13,, it may at some point pullback to the centre line, but with the current Euro fundamentals, continued QE and no plan on increased interest rates, I doubt it... like the Euro / USD, we're going lower.
Note
Will carry on lowerNote
That was the wrong trade, this pair will carry on lowerNote
I'm now back from holiday (not for too long) and I'm still active in this trade. We're moving sideways if the trade continues higher to 1.16410 I may consider adding another position if the trade looks good. Note
Lovely bounce off the channel centre line, the pair is now under pressure to break lower and therefore the target of 1.145 is active again.Note
This is the pullback zone to sell from, depending on your trading style, you can set-up a sell order here or an alert to then wait for a signal to enter the trade on a lower time frame.Note
We're either breaking up or down now, if we break up, wait for the zone above to sell it back down. Note
Broke the 15m trend line, stay patient and sell up at the highs Note
Lovely for those in the trade, the move to the upside failed.Note
The pair did exactly what we wanted and hit the green sell box and everyone soldNote
Still in this trade since middle of May, there was a lovely pullback which I added to the trade and it pulled back further than expected for a while, but patience pays and we're now moving to the downside. Target is solid @1.14515
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.