EURUSD - LONG TERM - 1.1550 TARGET - EDUCATION - SEPT. 2019
Hello and welcome!
This is my first post on TradingView and I look forward to sharing helpful ideas like this with you frequently.
Market is currently pricing in the ECB providing more of a bang than they will. Rate cut coming, no more buying of bonds will be a let down.
King Dollar has also gone too far too quickly. The powers that be understand that to keep the music going the dollar must weaken.
Yes, eventually we will see the dollar pushing the 104-105 level but not right now.
This EURUSD chart is a beautiful thing! Notice how price tested and is rejecting the lower trend line which is support.
Excellent spot for an entry. If we are wrong we will know quickly.
Entry: 1.0965
Stop loss: 1.0904
Target: 1.1520
Please LIKE and FOLLOW to stay updated with this trade and the other analysis & signals to follow!
This is my first post on TradingView and I look forward to sharing helpful ideas like this with you frequently.
Market is currently pricing in the ECB providing more of a bang than they will. Rate cut coming, no more buying of bonds will be a let down.
King Dollar has also gone too far too quickly. The powers that be understand that to keep the music going the dollar must weaken.
Yes, eventually we will see the dollar pushing the 104-105 level but not right now.
This EURUSD chart is a beautiful thing! Notice how price tested and is rejecting the lower trend line which is support.
Excellent spot for an entry. If we are wrong we will know quickly.
Entry: 1.0965
Stop loss: 1.0904
Target: 1.1520
Please LIKE and FOLLOW to stay updated with this trade and the other analysis & signals to follow!
Note
PS - I have been short with a strong short bias for sometime now. Never afraid to change my view when facts change.Note
Trade well into profit. Moving stop to entry price: 1.0965 w/ ECB expected to cut rates and restart QE.This open trade will allow for the possibility that ECB does not deliver enough.
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