EUR/USD: Bearish Below 1.1011
Updated
We have a situation. We're bearish EUR/USD - at least temporarily.
The Situation: We’re bearish below 1.1062, however, if price gets that high it invalidates our idea for a short-term bear trend. That said, we like short spots below 1.1011.
Bearish Techs: Bearish Divergences present in the Daily MACDizzle, MACDizzle Histogram, RSI, and Slow Stochastics. RSI signal sub-50.0.
Bullish Techs: Bullish convergences in all previously mentioned daily indicators. Strong 3 month uptrend.
Implication of Techs: The potential for a series of good short spots. USD’s Revenge!
Dangers: EUR/USD currently trades at 1.0924, which is in the **Fibonacci Golden Zone** of the recent **1.0725 to 1.1137** move. Price could reverse from here and provide punishment and NAV reduction mathematic lessons on shorts.
Dangers: The thing is bullish and in an uptrend.
Gameplan: We’re gonna camp out for shorts.
Bearish Price Targets: Support Zones! Need to get below 1.0919 (Daily support zone), then 1.0881 (Important support zone), then our first target is 1.0795, then 1.0714 on down. See below.
Daily Support Zones: 1.0919, 1.0881, 1.0795, 1.0642
Major Support: 1.0504.
Preferred Stop Loss Zones on early entries: Over 1.0968.
Current Situation: Flatski.
Current Price: 1.0923
The Situation: We’re bearish below 1.1062, however, if price gets that high it invalidates our idea for a short-term bear trend. That said, we like short spots below 1.1011.
Bearish Techs: Bearish Divergences present in the Daily MACDizzle, MACDizzle Histogram, RSI, and Slow Stochastics. RSI signal sub-50.0.
Bullish Techs: Bullish convergences in all previously mentioned daily indicators. Strong 3 month uptrend.
Implication of Techs: The potential for a series of good short spots. USD’s Revenge!
Dangers: EUR/USD currently trades at 1.0924, which is in the **Fibonacci Golden Zone** of the recent **1.0725 to 1.1137** move. Price could reverse from here and provide punishment and NAV reduction mathematic lessons on shorts.
Dangers: The thing is bullish and in an uptrend.
Gameplan: We’re gonna camp out for shorts.
Bearish Price Targets: Support Zones! Need to get below 1.0919 (Daily support zone), then 1.0881 (Important support zone), then our first target is 1.0795, then 1.0714 on down. See below.
Daily Support Zones: 1.0919, 1.0881, 1.0795, 1.0642
Major Support: 1.0504.
Preferred Stop Loss Zones on early entries: Over 1.0968.
Current Situation: Flatski.
Current Price: 1.0923
Note
Not jumping in the current short. Need a good rally, then we'll take the next one.Current Price: 1.0920.
Will post an update on entry execution.
Note
Current Price: 1.0938We're probably not participating in this trade. All the margin is tied up in the recent USD/CAD idea. (It triggered first.)
Note
Back to EUR/USD!Waiting to enter a short position on EUR/USD with stops at 1.0968.
Current Price: 1.0943
Trade active
Short executed at 1.0943!Stops at 1.0968.
Current Price: 1.0943
Trade closed: stop reached
Flat at 1.0968 -25.Fail!
Loss!
Note
Camping for the next short spot. Staying with the idea.Current Price: 1.0966.
Order cancelled
***This Idea is Dead***Current Price: 1.0978
Trade active
***Idea is not dead.***Taking a short spot at 1.0944, stops at 1.0970.
Trade active
Moving stops to 1.0924. +20 Pips locked
Entry: 1.0944
Current Price: 1.0877
Trade active
Moving stops to 1.0904. +40 locked.Current Price: 1.0874
Trade active
Moving stops to 1.0894... +50 locked.Note
Easing stops down to 1.0889+55 locked.
Might get squeezed out of this one. I really wanted 1.0795 or 1.0715ish.
Note
Flatski @ 1.0889+55 Pips.
Win!
Trade active
EUR/USD: Short @ 1.0858, Stops @ 1.0910Target: 1.0795, 1.0730
Current Price: 1.0859
Note
Remain stiff damnit! Hold the line bitches!
lol!!!
Current Price: 1.0869
Trade closed: stop reached
Stopped out at 1.0910.-52
Fail. Not a bad trade.
LOSS!
Trade active
Short re-executed at 1.0902, stops at 1.0915. (Top of range.)Trade closed: stop reached
Flat @ 1.0915-13
Loss!
Trader since 2006. Investor since 2019. Chart Technician & Technical Strategist. Texas native. #HustleFirst #SupremeHustle #SupremeFinesse
@vizfact on Public.com
@vizfact on Public.com
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