Short

EURUSD Pivots - short-term 1.19-1.20, long-term 1.10-1.14

Updated

EURUSD is in a short-term and longer-term Short opportunity with an upside between 1.19 to high 1.20s.
Watch DXY for a break this trend, but I expect EURUSD to drop substantially in the coming months.

Note: This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation

Note

First TP hit @ 1.1833 short from 1.19

Note

Second TP hit @ 1.182 short from 1.19

Pivoting to long with tight SL in case of sell off dip

Note

Longing the dip until pivot - keeping tight SLs.

Note

Pivot in play. Looking great!

Note

Due to the minor downward pressure, I've closed 50% part of my long this morning.

Still see a bit more headroom here, so leaving the other half open.

Note

Profitable SL hit on my in-the-green long 20 pips.

Waiting for another long re-entry. Per source, looks like a $1 billion option contract @ 1.185 is in play, giving this downward pressure. Still expecting this to go up to 1.19-1.20. Will update on next move.

Note

First long re-entry hit @ 1.182

Staggering long entries down to 1.18 just in case.

SL @ 1.175 range, but open to closing early if needed.

Note

Been riding the waves here. Currently in a short from 1.173.

Have 30% in a 50-80 pip SL with a plan to re-enter if things pump, or take a minor loss to re-short.

ZephyrFinance

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.