EURUSD summer 2019
... Caution is the mother of wisdom. And as Confucius said there are three ways to gain wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest. Let's focus on the first :) The 10y supercycle is a downtrend but if you look at 20y it's just a big swing. NOW: I bet on a 50/50 chance for long/short after EURUSD is around 1.23 - 1.25. But first I choose a 2-step long (STOP 1.085 Target 1.18) and (STOP 1.04 Target 1.24). Not the best risk ratios but... (caution is the mother of wisdom) This is not a forecast, it is just an idea for further happy little accidents :) Cheers
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.