With USDJPY probability of falling deep while DXY walking down we may conclude the devaluation of USD. As EURUSD correlates negative having USD as common denominator it is clear where EU will be heading next.
Trade active
Looking goodNote
In the meantime we cash in hereNote
If you traded with trailing stop you have a little profit here like me but definitely not what I was expecting to bring home today. Now honestly I am afraid that usd buying will continue to hold price at this level. Let's wait and see.Note
Look at these selling volumes. I think as soon sentiment is moved completely from buying to selling the direction of the market will change again. What do you think? The intra banks do this for as long they think they need to generate liquidity for the trends that are coming. The key for any trader to become profitable here is patience. Let other impatient traders fall for all the traps and only ride the waves if you are completely confident. Makes me want to wait a little more,Note
I buy EURUSDNote
Adding more from this support levelNote
Add once more to EURUSD and buying EURCADNote
EU also a higher low again compared to the low of the 26th and the low of mid August, also here we can now expect a good rally up following!!Note
Let's see if this rocket passes 1.138Trade active
UJ has reached another top and is about to reverse so I buy EU here again.Trade active
Sigals all over again and macro seems to beat mr raging bull so hopes are higher than before.
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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.