Talk about a long shot- 200 pips worth!
OK so Trump, or whoever, caused the markets to go HOG wild this morning, which is cool! We had some nice pips on EURUSD and the first target was hit so that's fine.
This might seem like a long shot, and maybe it is, but we could see the start of a larger pattern forming here.
Here's what I'm looking for:
The completion of a rising wedge, it's dependent on STAYING BELOW 1.0650! If that level breaks then I'm not going to completely reassess.
ENTRY: Short rising wedge break out
STOPS: above 1.0650
TARGET: 1.0350 and 1.0175 (and parity of course)
This might seem like a long shot, and maybe it is, but we could see the start of a larger pattern forming here.
Here's what I'm looking for:
The completion of a rising wedge, it's dependent on STAYING BELOW 1.0650! If that level breaks then I'm not going to completely reassess.
ENTRY: Short rising wedge break out
STOPS: above 1.0650
TARGET: 1.0350 and 1.0175 (and parity of course)
Order cancelled
This trade went a little nuts, but we have another set up coming, have a look.
Jared Johnson
Union Hedge Funds
Union Hedge Funds
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.
Jared Johnson
Union Hedge Funds
Union Hedge Funds
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.