I have a feeling the euro "consolidation" is over
Updated
A hunch. I think it's about to trend down again.
But I ain't shorting. Now I really think that if we see a big selloff, which is typical after a long consolidation especially a bounce that points down (very bearish), that big support area will absorb that selling, and I expect to see some slowing down and then reversal.
If all of this happens, will be I think a good opportunity to open a swing trade buy euro.
I do not short sell swing trade here, it's not any of my strategies, I stick to what I know.
But it is a really long way down, 10 ATR, so even it it were to fall really fast, it would take at least 1 month to get there:
So on a daytrade basis, there could be plenty of opportunities... (just an example don't quote me on that :p)
On one side you got the troll running the FED pranking that he might go to negative rates, and do moooaarree quantitative easing to FEED the US stock ponzi.
Actually unbelievable...
But maybe more importantly, the euro central bank has today announced they postoned their own manipulation to 2020, which triggered the selloff of course.
No one wants to hold euros, they are worthless, or even worse cost money. No sane company is going to, and investors would probably just have usd I guess or chf or idk. Just not euro lol. Anything safe/cheap and not too volatile.
This week for me was rather calm, couldn't find any trade. Must have been the calm before the storm.
AWESOME! Any trader that read that probably felt tingles like I did. Let's ride the storm guys!
I will post ideas during the downtrend if I see some that fit my strategies, and they last longer than just a few minutes or handful of hours.
But I ain't shorting. Now I really think that if we see a big selloff, which is typical after a long consolidation especially a bounce that points down (very bearish), that big support area will absorb that selling, and I expect to see some slowing down and then reversal.
If all of this happens, will be I think a good opportunity to open a swing trade buy euro.
I do not short sell swing trade here, it's not any of my strategies, I stick to what I know.
But it is a really long way down, 10 ATR, so even it it were to fall really fast, it would take at least 1 month to get there:
So on a daytrade basis, there could be plenty of opportunities... (just an example don't quote me on that :p)
On one side you got the troll running the FED pranking that he might go to negative rates, and do moooaarree quantitative easing to FEED the US stock ponzi.
Actually unbelievable...
But maybe more importantly, the euro central bank has today announced they postoned their own manipulation to 2020, which triggered the selloff of course.
No one wants to hold euros, they are worthless, or even worse cost money. No sane company is going to, and investors would probably just have usd I guess or chf or idk. Just not euro lol. Anything safe/cheap and not too volatile.
This week for me was rather calm, couldn't find any trade. Must have been the calm before the storm.
AWESOME! Any trader that read that probably felt tingles like I did. Let's ride the storm guys!
I will post ideas during the downtrend if I see some that fit my strategies, and they last longer than just a few minutes or handful of hours.
Note
Don't count on me to go against that uptrend.Probably going to make a higher high, but maybe not higher than the previous one...
Scam alert.
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