Disclaimer: Not a financial advisor, this is a public trading journal and educational tool. This means I am not recommending you buy or sell anything. I am only showing you what I think will happen and what I am doing. By viewing this statement you have been fully informed that the opinions in these videos, if acted upon due to your own willingness, could lose you money.
ENTRY GROUP #1 average: 1.2492
ENTRY GROUP #2 pending: 1.2590, 1.2640 (scale in)
S/L both: 1.2820/30/50 (scale out)
#1 Leverage = 1:1 (risk ~3%)
#2 Leverage = 2:1 (risk ~3%)
We should be seeing an oversold pullback due to many factors. Most importantly would the rising interest rate environment for the USD and an overheated stock market.
Both of which create a demand of USD dollars. Isn't it funny, how Trump gave the signal for the USD to bear last year, and he is sounding the horn once again? I am not saying the Euro bull is over yet. This is a technical pullback. I still believe we can go to 1.30 before we see another long term move in the EURUSD . I bought Euros for $1.05 when everyone was panicking.
Looking to do professional analysis and create ideas for professional traders, banks or hedge funds with investment capital above USD 5million.
I have been trading the Euro 50 hours a week since 2011.
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We aren't near the longer term target so nothing is being touched with that position.
I am targeting 1.2380 intraday, 1.2220/1.2180 swing.
May consider adding it back if we can push up toward 1.2370/80