Trend line and cloud support

Since the 1.2325/30 break we haven’t looked back. Here we are testing the bottom of the daily could, call it 1.2235/40 depending on the thickness of the line.
The rising trend line over Nov and Dec lows comes in same zone but will lose importance as time goes by unless it provides a dead stop.
Running a short from this morning as per “go with the flow” update, taking half back @ 41 as I type this. A break should grant at least earlier april low 1.2213 but rather looking at the next fib support at 1.2173 as the USD benefits from higher yields/spreads. Letting the rest run

EURUSD D1 23.04.2018

 

K-man

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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