Sellers tried to break the Monday low and succeded.
We broke the 200 SMA on the daily chart.
I don't want risk to get left behind : many times smartmoney enters at the break of the 200 SMA.
We need to see how we close today: a close above the 200 SMA is a good sign the bottom is in.
Also watching the hourly chart:
If we close above 1845$ it's a good sign that the DCL was printed.
Have some dry powder if we drop to the bottom of the box:
We broke the 200 SMA on the daily chart.
I don't want risk to get left behind : many times smartmoney enters at the break of the 200 SMA.
We need to see how we close today: a close above the 200 SMA is a good sign the bottom is in.
Also watching the hourly chart:
If we close above 1845$ it's a good sign that the DCL was printed.
Have some dry powder if we drop to the bottom of the box:
Trade active
Opened 50% position at 1835$.Note
Other 50% bought at 1808$.
Note
It’s close enough to the bottom of the box and the 100 SMA.Note
We are having the backtest:Note
Beartrap with a nice divergence.Ready to go!
Note
I noticed a few times already that bullion banks usually have the NFP numbers a bit earlier than the public.Eurusd following gold with the same pattern just a day later...
Note
Just as I mentioned yesterday the bullion banks knew exactly that the dollar is going to turn soon so they covered their shorts 2 days ago. No wonder the eurusd turned up today...
Note
Finally we have a pattern in the Eurusd too. It’s a symmetric triangle , today we tagged the lower line of the triangle and it’s heading higher. Symmetric triangles are usually continuation patterns. 1.22 is coming soon.
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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.