One of my favorite indicators is retail traders. Usually, they are wrong...
The brokers I use at current time have 70- 80% retail traders short, and the price is just squeezing down.
That leads me to believe that we will see EURUSD stabilize and range at this point, and then move higher.
I could continue to squeeze down through the week, but shorting long with a huge underlying Bullish structure on the daily chart is not an option for me.
Bullish at this point would be a close above 1.1260.
Selling short term bounces above 1.12 could be interesting short term positions. Will update through the day of what possible opportunities arise:)
The brokers I use at current time have 70- 80% retail traders short, and the price is just squeezing down.
That leads me to believe that we will see EURUSD stabilize and range at this point, and then move higher.
I could continue to squeeze down through the week, but shorting long with a huge underlying Bullish structure on the daily chart is not an option for me.
Bullish at this point would be a close above 1.1260.
Selling short term bounces above 1.12 could be interesting short term positions. Will update through the day of what possible opportunities arise:)
Transaction en cours
Open position 1.1239Stop 1.1210
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.