EURUSD 20 May 2020
Updated
Everything is more or less clear imho:
- retail traders are net short eurusd with 60/40 percent (bullish for pair)
- triangle in my humble view is broken already with support on 1H TF GP at 1.0913 and resistance at 1.0968
- bulls will try to buy dips if seen and add above 1.0968 targeting 1.1022
- market is still bullish in my view
Cheers!
pls apply your own trading and mm rules in any case. ttfn.
- retail traders are net short eurusd with 60/40 percent (bullish for pair)
- triangle in my humble view is broken already with support on 1H TF GP at 1.0913 and resistance at 1.0968
- bulls will try to buy dips if seen and add above 1.0968 targeting 1.1022
- market is still bullish in my view
Cheers!
pls apply your own trading and mm rules in any case. ttfn.
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It is 20 May 2020 start of New York trading hours and we see that retail traders are extremely short eur ag usd with IG showing 65/35 net short positions. Could this fact fuel upside further? Let's wait and see.
There is a possibility that people do not expect break out of the range, even if they trade triangles.
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