EURGBP ShortEntered a short stop order at 0.83887 with TP at yesterday's S1 fib level (might adjust TP to the other day's S1 fib level or enter another trade for the 2nd TP), and SL near base pivot line. This is in line with current weak sentiment over EUR because of yesterday's ECB news about QE extension, though based on higher timeframe charts, it's more likely that this pair will hold on its current week support at 0.83.
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Short-short
FED can take SPX 500 to 1700 by doing nothing....1. SPX 500 is making new highs as expected earlier, but this is not sustainable, if Central Banks will not give a rate cut or further QE then markets will undo all the gains.
2. My Sell patterns have started to show up in the charts.
3. SPX is making third mountain in weekly charts.
4. Crude is looking to go around $40 and Below.
5. Volume is not showing any Followup Buying.
USDCHF to go down if it reaches 0.89048 Based on Structure's and Fibonacci confluence, channel,...
If ADP Nonfarm Employment Change is better than expected and if Fed Chair Yellen Speach drives the pair up it could soon reach 0.89048 if these things don't drive up USDCHF it could still reach 0.89048 and then there would be a shorting opportunity.
Then ==> I will open a short position and place my stop lose and take profit orders as can be seen in the screenshot.
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