EURO SNEAKY BULLS GOING TO GET TRAPPED!!! LOW RISK EURO SHORT!!THE TREND IS YOUR FRIEND AND EURO HAS BEEN SHORT FOR A LONG TIME NOW....
I WISH SOMEONE TOLD THE BEARS THAT...
TRENDLINE UP GOT BROKEN
CRITICAL GOT TEST AND BULLS CAN IN TO FIGHT HARD NOT REALIZING ITS NO USE
BEARS FROM THE 1.1080 AREA HAVE ANTICIPATED THAT TAKING PROFIT TO GIVE FALSE HOPE SETTING UP THE TRAP...
Here's what Im watching
-CURRENT BULLS WILL PROVIDE MOMENTUM
-MACD VALID SIGNAL CROSS AND A MOMENTUM MOVE COMING UP
-STOCH SHOWING DOWN
-DAILY EMA PROVIDING A CEILING RESISTANCE LIMITING AN UPWARD MOVE UNLESS WILD NEWS
**WILD NEWS IS THE DESTRUCTION OF THE UK... THAT MOVE IS IN PLAY RIGHT NOW AS THE BEARS ARE BEING SQUEEZED** I'LL REFERENCE THE POST BELOW
Im shorting everything from here and above as pound is on its squeeze...
putting stops about 1.108
TP1 at 1.092
TP2 at 1.086 which is the 1.27 extension but will trail on momentum if pound crumbles
watchout as these lows could be the last lows of this long downtrend on euro..... we will revisit this!!
Happy Hunting! HAPPY TRAPPING!!!
BooBii
