What a difference a day makes as the Teflon coated EURUSD makes a break to higher levels .
I’m sure we are all looking for a reason for the upswing and new found EUR confidence. Putting any bias I have aside ( and this move has me clueless tbh) I see a window for a short trade with a good risk reward stop loss.
The 1.1760 area 38.2% of the October high -November lows is where I will be placing my pennies for a move against current momentum. My stop is at 1.1780 (-20) .
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update : – My short trade was triggered 🙂
Place your thinking here in the comments
It gets very lonely 🙂 and traders like to talk
Hello Horatio! Right! We have to write more 😉 Thanks for all your posts! It seems that the euro is in a good mood, for me it’s hard to sell it right now. I did, but in eurchf at 1.1660 and don’t really like my trade…. I put a SL at 1.1705. I was looking to short again eurjpy at the level but as I said, euro seems to be strong and I don’t know why.
Hi Stephane .
Great to hear from you again 🙂
As you know by now, myself and the guys here are all traders and i hope that sets us apart from some of the other websites . We trade in real time and try to convey our thinking and not afraid to make calls 🙂
I appreciate all the job you’re doing! It’s very nice to see Ryan again and discover others traders! It seems that your eurusd resisted the 1.1780 level. I have a 50% fibo here from 21.09 – 6.11. I hope it will hold ;). And it just touched a trend line…
It all depends on where you draw the trendline from
They are weak indicators if they only have a few touches . We take it from 12/13 October it is still very much in play and my stop loss should be higher at 1.1790
ap from the 12.10 – 19.10 26.10 but just broken ow…
Oh yes 🙂
That was a brutal move higher .
I’m out and flat . Wish you a good evening Stephane and speak to you soon .