EU03Nov2020
Updated
Not legal and financial advice; any information provided here is only the personal opinion of the author.
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As you can see from my humble drawings here ideal spot to fade any eur up move is 1.1752 - 1.1817 zone... The best seems 1.1817 from here, but as we all know reality is a bit more complicated than our expectations.
Trade wise and trade well.
Wish you to stay calm and to earn profit.
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And what I forgot to mention earlier today... Folks!
IG data shows retail traders are 52 pct long EUR ag USD.
My congratulations, no retail short on the market, whales do not have interest to strike to the upside to collect stops.
Now we can expect another teasing game called "catching of a falling knives"?
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As you can see there is a lot of options 4 market makers to squeeze juice from the market...We must understand that we are followers, not makers.
Hit and run, core MT view plus reasonable money management is our weapons against sharks and whales.
Trade wise and stay safe.
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