EURUSD POSSIBLE CORRECTION
WHILE FRIDAY EURUSD PRICE RESTED ON MONTHLY SUPPORT
WHICH ALSO IS THE 1.618 OF LAST SWING
AND YELLEN ANNOUNCING POSSIBLE RATE HIKE.
IN OVER ALL WE WILL BE LOOKING AT STRONGER DOLLAR
HOWEVER , LOOK AT THIS CHART
10 DAYS OF LONG RED BARS
10 DAYS OF EUR SELLING OUT
10 DAYS OF DOLLAR BUYING OUT ALL EUR HAS TO OFFER.
...................................................................................
THIS IS HOW I SEE IT
WE WILL HAVE A PULL BACK/CORRECTION MOST LIKELY TO 1.08 - 1.0850
IT IS POSSIBLE A PULL BACK ALL THE WAY TO 1.0950 BUT HONESTY
WITH STRENGTH OF DOLLAR RIGHT NOW i DON'T SEE IT.
SO THIS WEEK NO POSITION TRADE ON EU
I WILL BE DAY TRADING IT ONLY.
GOOD LUCK
WHILE FRIDAY EURUSD PRICE RESTED ON MONTHLY SUPPORT
WHICH ALSO IS THE 1.618 OF LAST SWING
AND YELLEN ANNOUNCING POSSIBLE RATE HIKE.
IN OVER ALL WE WILL BE LOOKING AT STRONGER DOLLAR
HOWEVER , LOOK AT THIS CHART
10 DAYS OF LONG RED BARS
10 DAYS OF EUR SELLING OUT
10 DAYS OF DOLLAR BUYING OUT ALL EUR HAS TO OFFER.
...................................................................................
THIS IS HOW I SEE IT
WE WILL HAVE A PULL BACK/CORRECTION MOST LIKELY TO 1.08 - 1.0850
IT IS POSSIBLE A PULL BACK ALL THE WAY TO 1.0950 BUT HONESTY
WITH STRENGTH OF DOLLAR RIGHT NOW i DON'T SEE IT.
SO THIS WEEK NO POSITION TRADE ON EU
I WILL BE DAY TRADING IT ONLY.
GOOD LUCK
Kommentera:
LMAO this is so funny.