EUR/USD - The Roaring Of Bears
Dear traders,
in my last analysis I indicated that the bears (should) get ready - slowly but steady. And here they come, roaring and shouting, showing off how fast they can pull the rug out from under the bulls feet. So where are we at?
Is It A Trap?
Based on my analysis and expectation: No! It fits into the big picture and goes conform with my DAX30 analysis as well. Sure, there's always a chance it rockets upwards out of nowhere but based on the technical and fundamental situation it's very unlikely.
What's The Story?
To keep it short and crisp: I think the final move/impulse towards parity is made/in progress.
Game Plan
I have already opened a short position in all my accounts today but aim to get a few more - build a pyramid as we move on.
Godspeed and happy trading. Comments welcome.
Cheers!
in my last analysis I indicated that the bears (should) get ready - slowly but steady. And here they come, roaring and shouting, showing off how fast they can pull the rug out from under the bulls feet. So where are we at?
Is It A Trap?
Based on my analysis and expectation: No! It fits into the big picture and goes conform with my DAX30 analysis as well. Sure, there's always a chance it rockets upwards out of nowhere but based on the technical and fundamental situation it's very unlikely.
What's The Story?
To keep it short and crisp: I think the final move/impulse towards parity is made/in progress.
Game Plan
I have already opened a short position in all my accounts today but aim to get a few more - build a pyramid as we move on.
Godspeed and happy trading. Comments welcome.
Cheers!
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