EURUSD: Alternative scenario, what if DB isn't a Lehman moment?
Updated
Go long EURUSD above yesterday's close here, stop at today's low.
The sentiment has reached a negative extreme for the Euro and European banks, so it is possible that, as tim West rationalized, Deutsche Bank isn't a Lehman moment like everyone and their mother think.
Risk 1% here, to make a very nice return if we're right, and everybody else is wrong.
If not, tough luck, 1% won't kiss us.
Technicals:
Cheers,
Ivan Labrie.
The sentiment has reached a negative extreme for the Euro and European banks, so it is possible that, as tim West rationalized, Deutsche Bank isn't a Lehman moment like everyone and their mother think.
Risk 1% here, to make a very nice return if we're right, and everybody else is wrong.
If not, tough luck, 1% won't kiss us.
Technicals:
- RgMov uptrend
- Brexit Key level of fundamental support held
- Triangle here, but it can break up very soon.
- Inside trendline above price, big trendline above it. People would be shocked with rallying EURUSD.
- Monthly mode in EURUSD, time at mode signal could kick off, and follow the rally in commodities.
Cheers,
Ivan Labrie.
Note
Looks solid, didn't retrace at all after the London close.
Note
Two typos, sorry: 'Tim West' (caps) and 'Kill us' not 'Kiss us' haha.Have a nice weekend gents.
Trade closed: stop reached
This might break up eventually, but not yet.
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