Short

EurUsd - The Powel of the Night

Updated

Target price tagged at 1.18.
When everybody is buying I'm here to sell.

In this idea I explained what happened to the dollar:

EurUsd - Unchained ( A story behind the chart )

The monthly chart also suggests EurUsd will take a breather before breaking the trendline.

Target is the test of 1.15 in a month.

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Momentum was too strong. Dip buyers came in at 1.1750.

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But it’s heading down. This is an easy bet guys the first intermediate correction of a starting bull market.

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DXY opened by a gap today. When it fills EURUSD will start the multi week correction.

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Let’s wait how this closes today. I know it’s frustrating to see how it rallied 100 pips from our entry. But it’s pretty hard to catch the exact top/bottom in the panic stage. The hysteria never lasts forever.
Mix a cocktail end enjoy the Last day of July , and let’s wait for the close. DXY looks good from the long side.

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DXY gap is closed. Now the sellers will try to push it to new lows if they fail - I'm sure they will :) - than we reverse.
I just added to the EurUsd longs.

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The daily EurUsd starting to look like a shooting star with rSI divergence.

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NIce close for the shorts. Monday we might get a swing high and we are off to the races.

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Yesterday we had a swing high in the eurusd and price tagged the 10 SMA and bounced:

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Today the hourly
Is trying to break the 200 SMA where we bounced yesterday.

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We going to close below 1.17. Recognition day is coming in the metals.

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continuing divergence, MACD trying to cross.
Possible double top. NFP might trigger the top.

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DXY is the same:

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Slightly lower low in DXY

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Now we are talking.
Thats why I don’t like to use stops at the end of a panic buying. The idiots are always trying to push it to new highs. And the banks trap them. This failed breakout was an expensive one...

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And now gold and silver will reverse too. Nasty drop is coming in both...

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False breakout of the rectangle.

chartwatchers

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Related publications

EurUsd - Unchained ( A story behind the chart )

by chartwatchers

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