EURUSD short triggered: Germany Politics uncertainty the force.
Updated
Shorts fired.
This plan was originally posted 2 weeks ago on Jun 15th.
I have taken several small scalps along since then, with some profits.
My EU short position started in early April:
The downtrend became much stronger than I expected, so am currently working this long term plan:
Right we have German Politics in a bit of a chaos.
Should be a good driving force to continue the downtrend.
Hopefully I can jamb stops at BE and let ride all the way down, along with my massive short position already in profit.
This plan was originally posted 2 weeks ago on Jun 15th.
I have taken several small scalps along since then, with some profits.
My EU short position started in early April:
The downtrend became much stronger than I expected, so am currently working this long term plan:
Right we have German Politics in a bit of a chaos.
Should be a good driving force to continue the downtrend.
Hopefully I can jamb stops at BE and let ride all the way down, along with my massive short position already in profit.
Comment
EU short nicely in profit.Down 55 pips or so from entry.
-
Closed 1/4 of the position to lock some profits.
Moved stop to remaining trade to just above recent bounce
Comment
SL moved to just above 1.1620.Above an existing band, which has now been reinforced with a 6.618 extension of impulse down from last night.
Trade active
Closed 3/4 of the position now, as marked on chart pic.Still have 1/4 position, with SL at ORIGINAL stop (with some loss).
Even if hit, I would still have net profit from the 4 pieces.
The spike up was due to German Politicians that ''kissed and made up'' :)
But in the long run, this even IMO will just offer temporary relief to EU price.
So letting some ride still, and will look to ADD more soon.
Comment
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.