EURUSD: Potential bottom here

Aktualisiert
I'm hedging my USD longs with a long Euro trade here.
I don't disclose the specific entry and stop loss here, I'll reserve that for my clients for now, but you can get an idea of what to expect. It might turn into a H&S type bottom signal if we rally back to the neck line.

It'll be interesting to see, and it's also a good hedge against equity positions, not only USD longs.
Tim West has outlined potential reasons for a turn in the dollar, in the KHL chatroom and his USDCAD short idea post, so make sure to check those out.

Good luck,

Ivan Labrie.
Anmerkung
Snapshot
Anmerkung
Snapshot

Acting great.
Anmerkung
Added a tad more down here.
Trade wurde manuell geschlossen
The mode support didn't hold, odds of this working are minimal...I'm out. If it goes up, I'll proceed to not care, gold is also toppy here, so I don't see how this can rally.
Anmerkung
I'll only hold GBP and AUD longs, and add to GBPJPY gradually.
Anmerkung
Look at what happened, after the 15 day uptrend mode got breached...that was a decent emergency exit. It didn't make sense to remain bullish then.
Anmerkung
I bought back here:

Snapshot

Watch this week's close later if not stopped.
Trade ist aktiv
Anmerkung
Holding and waiting.
Trade wurde manuell geschlossen
I'm out, if anything I'll rebuy on dips. Neat RRR for a short term entry.
Anmerkung
Snapshot

It's looking good now, back above the daily uptrend mode. If it holds and heads higher we'll see a strong rally.
Anmerkung
Snapshot

My last buy here, not so good, but I didn't want to risk volatility after Yellen talked.

I'll tighten stops and add when viable.
Anmerkung
Snapshot
ecbEURUSDkeyhiddenlevelsrgmovtimeatmode

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
Auch am:

Verbundene Veröffentlichungen

Haftungsausschluss