After last week’s monstrous bull move on the EUR/USD, I had short positions at 1.0740 and 1.0795 which I ended up closing because I wanted to wait and see how much momentum this thing had.
I got back in short at an average price of 1.0827 with a modest target at 1.0600. Although it looks like bullish momentum is stalling, I remain cautious.
Resistance at the upper trend-line and Fibonacci (Tesla Number 63.69%) looks to be setting a ceiling so hopefully we begin retracing.
Trading convincingly above 1.0900 would invalidate this EUR/USD trade.
Also, the stock market is currently getting hammered so my put options on TQQQ are looking good thus far as well.
For more in depth analysis on the current positions, refer to my previous video posted.
We’ll see how this one progresses.
Good Luck and Trade Safe.
I got back in short at an average price of 1.0827 with a modest target at 1.0600. Although it looks like bullish momentum is stalling, I remain cautious.
Resistance at the upper trend-line and Fibonacci (Tesla Number 63.69%) looks to be setting a ceiling so hopefully we begin retracing.
Trading convincingly above 1.0900 would invalidate this EUR/USD trade.
Also, the stock market is currently getting hammered so my put options on TQQQ are looking good thus far as well.
For more in depth analysis on the current positions, refer to my previous video posted.
We’ll see how this one progresses.
Good Luck and Trade Safe.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
Related publications
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.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
Related publications
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.