Euro / U.S. DollarShort
EURUSD
Updated
Hello Guys, I have had a rest since my last 220 pip trade on EURUSD. My bias remains the same long-term as a bearish market in general. If You look left of the chart and see the last ascending channel and to the right of my chart you see the most recent ascending channel... can you see anything similar? Well if you couldn't they both have 4 touches and in my strategy, it is way more significant than the 1st,2nd, or 3rd. I have two targets which are reasonable targets first at the 1.70000 and the final 1.60000.
My Fundamental Outlook... Mr. Trump, who caught COVID-19 which seems a bit fake to me... does he look like a lean, mean fighting machine to you? Anyway, something important he said on Twitter which seems to be his favorite platform, is that he is cutting talks with the Democrats and stomping his foot on the ground with no fiscal stimulus until after the election, talks will be going on behind the scenes but just chitter-chatter they cannot agree on anything from the previous history. Brexit!!! another big topic to do with the EU apparently more trade talks will be going on this Thursday and soon they will leave the EU and all this back and forth will be sorted out in the last couple of weeks of the deadline. I think the EURO will continue to fall for the moment as the United Kingdom makes new trade deals with Japan & Australia which is a bright outlook of a prosperous economy in the UK. The Trade Deal That Would Crush The Euro Will Be The UK & US... will this happen i believe so maybe not in the next couple of weeks but soon I believe it will happen and more likely if Trump wins.
My Fundamental Outlook... Mr. Trump, who caught COVID-19 which seems a bit fake to me... does he look like a lean, mean fighting machine to you? Anyway, something important he said on Twitter which seems to be his favorite platform, is that he is cutting talks with the Democrats and stomping his foot on the ground with no fiscal stimulus until after the election, talks will be going on behind the scenes but just chitter-chatter they cannot agree on anything from the previous history. Brexit!!! another big topic to do with the EU apparently more trade talks will be going on this Thursday and soon they will leave the EU and all this back and forth will be sorted out in the last couple of weeks of the deadline. I think the EURO will continue to fall for the moment as the United Kingdom makes new trade deals with Japan & Australia which is a bright outlook of a prosperous economy in the UK. The Trade Deal That Would Crush The Euro Will Be The UK & US... will this happen i believe so maybe not in the next couple of weeks but soon I believe it will happen and more likely if Trump wins.
Note
Currently, 80 Pips In Profit So Far Looking To Hold For Longer Taking 20% Profit From This Trade.Note
Taking Full Profit With 250 Pips Up My Sleeve. Now Election Day I Should Get My Popcorn Ready :)
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