My analysis today is an actively managed BLOG post that looks at the current price of the "EUR / USD".
> The post will be updated daily with comments and trade ideas to generate a series where you as a reader - ACTIVELY - can learn from the analysis and decisions.
In the following analysis, I highlight a SHORT scenario, focusing on the key technical points that will be relevant in the coming days.
> Once the temporary direction of the price emerges, I update the post accordingly, with entries, stop-loss & take-profit levels.
After today's poor result of the "Non-Farm Employment Change" from the USA, there was a very strong sell-off in the DXY (USD).
> This sell-off fueled the EUR and strengthened it significantly.
> Subsequently, the price has risen very extremely and is now at strong resistance areas, which should not be broken after the bottom of the DXY.
> For this reason, I assume a coming correction, which will shift to the beginning of next week - however, it is important to check today, where the interesting entry points are located and from when you can enter a short.
> Additional information will be added as comments to this blog to give you the most added value possible.
# Positioning after confirmation of this thesis = SHORT
If this idea and explanation have added value to you, I would greatly appreciate a review of the idea.
Thank you, and happy trading!
> The post will be updated daily with comments and trade ideas to generate a series where you as a reader - ACTIVELY - can learn from the analysis and decisions.
In the following analysis, I highlight a SHORT scenario, focusing on the key technical points that will be relevant in the coming days.
> Once the temporary direction of the price emerges, I update the post accordingly, with entries, stop-loss & take-profit levels.
After today's poor result of the "Non-Farm Employment Change" from the USA, there was a very strong sell-off in the DXY (USD).
> This sell-off fueled the EUR and strengthened it significantly.
> Subsequently, the price has risen very extremely and is now at strong resistance areas, which should not be broken after the bottom of the DXY.
> For this reason, I assume a coming correction, which will shift to the beginning of next week - however, it is important to check today, where the interesting entry points are located and from when you can enter a short.
> Additional information will be added as comments to this blog to give you the most added value possible.
# Positioning after confirmation of this thesis = SHORT
If this idea and explanation have added value to you, I would greatly appreciate a review of the idea.
Thank you, and happy trading!
Note
Note
DXY - LEVELSNote
When the selling pressure is off, the DXY = EUR will get a sell-off.WHY?
= When the buying pressure from the assets in the DXY index gets less, the index can recover < which results in a sell-off from all assets listed in the DXY.
= The USD gets stronger in such a scenario
Note
The first signs of a bearish divergence are in the 5-minute chart. For all those looking for a good time, orient yourself to the 5–15 minute charts for the MACD = divergences.> There you can see the first signs.
> These do not have to work then, but have a very high hitqoute.
Note
The weekly and daily closing prices were very strongly bullish.> Tomorrow there will be a detailed UPDATE on how this should be interpreted for the further course of the price.
Note
The divergence is currently building on the 1-hour chart, should the price rise one more time.> Target for this would be the target area marked in RED
OVERVIEW OF THE POI
Trade active
The suspected, divergence has come true and could now signal the top.> However, we still have to wait for confirmation here.
> For sure, there will be another attempt to form a new HH.
> Now for the next 2-days everything depends on the DXY (on Wednesday new information on the USD will come, which will bring volatility).
Note
LEVEL UPDATENote
Overnight, it has stopped me out of my existing positions, which is why I have repositioned myself.> My reasons (divergence + oversold) of the SHORT idea still exist.
> That's why the re-entry and if necessary still further position took place. (Recorded in the chart.)
> The SL level was adjusted and entered.
Note
After selling off the DXY, we're now at a point where we should see a backlash.> Sellers are exhausted and divergences in EUR and other majors suggest renewed strength in USD
> We can still see a sell into the red square, however there should be a recovery after that.
> The recovery would then mean strong selling pressure for the EUR = sell-off.
Trade closed: stop reached
After the new CPI data from the USA - it looks again bad for the USD, which invalidated my SHORT idea in the EUR.> The event triggered a 2nd time my SLs and there's now not much holding the EUR back from climbing higher.
> The DEMAND Zones and the resistances are broken.
I'll drop an update when the situation is more clear and the volatility comes down in a separate post.
Note
Whoever wants to strive for a small SHORT, should now take a closer look at the price.> The momentum escapes piece by piece and one or the other PIP can now take.
> Good luck and have fun - let's see what the PAZIFIK & ASIA session have to offer.
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.
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.