EURUSD SHORT
WHILE THE DOLLAR STILL STRUGGLING TO RECOVER, EURO AND POUND HAVE BEEN TAKING ADVANTAGE AND HEADING HIGHER.
HOWEVER, DOLLAR MAY HAVE FOUND SOME GROUND HERE AND THE BASIS OF THIS SHORT IS LOOKING FORWARD TO DOLLAR STRENGTH AS SEASON TENDENCIES KICK IN TO START THE 3RD QT OF THE YEAR. WHILST EURO STILL HAS INTERESTING HIGHS ABOVE THE MARKET PLC THIS IS A GOOD OPPORTUNITY TO GET IN SYNC WITH THE MARKET.
2 SCENARIOS.
#1 OUR SHORT BIAS FAILS AND EURO RALLIES TAKING US OUT. THIS GIVE US INSIGHT THAT EURO STILL NOT DONE RALLYING SO WE CAN CAPTURE THE NEXT LEG UP ;]
#2 EURO EXTENDS LOWER AND TAKES OUT 1.25500 LEVEL. AT THAT POINT WE COULD WAIT PATIENTLY TO COMPOUND OUR POSITIONS AND ADD TO OUR SHORTS SHOULD EURO PROVIDE PROPER RETRACEMENT. WHAT IS A PROPER RETRACEMENT YOU MAY ASK? YOUTUBE VIDEOS COMING SOON FOR REFERENCE AND MORE PRICE ACTION. THANK YOU AND STAY SAFE!
BE FIERCE
DO NOT GO GENTLE
INTO THE LIGHT
HOWEVER, DOLLAR MAY HAVE FOUND SOME GROUND HERE AND THE BASIS OF THIS SHORT IS LOOKING FORWARD TO DOLLAR STRENGTH AS SEASON TENDENCIES KICK IN TO START THE 3RD QT OF THE YEAR. WHILST EURO STILL HAS INTERESTING HIGHS ABOVE THE MARKET PLC THIS IS A GOOD OPPORTUNITY TO GET IN SYNC WITH THE MARKET.
2 SCENARIOS.
#1 OUR SHORT BIAS FAILS AND EURO RALLIES TAKING US OUT. THIS GIVE US INSIGHT THAT EURO STILL NOT DONE RALLYING SO WE CAN CAPTURE THE NEXT LEG UP ;]
#2 EURO EXTENDS LOWER AND TAKES OUT 1.25500 LEVEL. AT THAT POINT WE COULD WAIT PATIENTLY TO COMPOUND OUR POSITIONS AND ADD TO OUR SHORTS SHOULD EURO PROVIDE PROPER RETRACEMENT. WHAT IS A PROPER RETRACEMENT YOU MAY ASK? YOUTUBE VIDEOS COMING SOON FOR REFERENCE AND MORE PRICE ACTION. THANK YOU AND STAY SAFE!
BE FIERCE
DO NOT GO GENTLE
INTO THE LIGHT
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