Hi guy's,
EURUSD is moving higher towards 1.26 as expected but as shown in my previous post , it won't go in a straight line. This week was extreme in terms of dollar weakness and the market needs a break. This means that the upside potential for next week is limited. I therefore manage my buys and already executed a short from 1.252 during the Draghi Q&A.
This is an agressive entry but based on my market dynamic analysis in combination with structure and therefore only considered 'aggressive' because it was before the market showed a reversal sign. Personally picking tops in a week like this during a speech is the easiest way to trade for me. That position is at break-even.
For next week I will focus on the expected correction, once that is out of the way I expect a last push higher before we start correcting the entire move from 1.0339.
In my weekly video during the weekend I will go over this in more detail.
Have a nice weekend!
EURUSD is moving higher towards 1.26 as expected but as shown in my previous post , it won't go in a straight line. This week was extreme in terms of dollar weakness and the market needs a break. This means that the upside potential for next week is limited. I therefore manage my buys and already executed a short from 1.252 during the Draghi Q&A.
This is an agressive entry but based on my market dynamic analysis in combination with structure and therefore only considered 'aggressive' because it was before the market showed a reversal sign. Personally picking tops in a week like this during a speech is the easiest way to trade for me. That position is at break-even.
For next week I will focus on the expected correction, once that is out of the way I expect a last push higher before we start correcting the entire move from 1.0339.
In my weekly video during the weekend I will go over this in more detail.
Have a nice weekend!
Ghi chú
I uploaded my Weekly outlook; Dollar pairs, Silver, Gold & Bitcoin to my YouTube channel (Tim Stuyts). Safe trades!
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.