Euro / U.S. DollarShort
The Bigger picture .....
Im gonna be quick here ,
Do not panic , USD weakness and Eur strength on this pair has seen this push above the T/L resistance , Drawdown can be nasty but in the midst of the MKT chaos I find its always good to scale out and look at the bigger picture , I feel this is going to the 200MA , its also where the 0.786 fib is , but then it will turn over like before . I have been scaling in along the way up ...
Who else is feeling the pain of draw down lol ??
Do not panic , USD weakness and Eur strength on this pair has seen this push above the T/L resistance , Drawdown can be nasty but in the midst of the MKT chaos I find its always good to scale out and look at the bigger picture , I feel this is going to the 200MA , its also where the 0.786 fib is , but then it will turn over like before . I have been scaling in along the way up ...
Who else is feeling the pain of draw down lol ??
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.