EurUsd - Trendlines: Breakthrough or bounce?
I think yesterday we printed the DCL in EurUsd also. At the previous DCLs (red arrows) RSI always left oversold territory and TSI - sometimes MACD also- crossed over to the upside a little bit later.
The same thing happened yesterday. I'm not waiting for this trendline to break down in the following 7-8 days I'm sure we will have a bounce from here. And after that mini bounce we will break 1.1113 down. The turning point could be the 10-20-50 EMA.
I took out Draghi's speech spike because that was a false breakdown.
I think now the EurUsd is the leader and not DXY. The FED june rate hike is already on the table but the Brexit vote is becoming more and more important as the fear will set the the price in this pair.
I set this idea as a long i'm not going to trade it but I'm waiting for a 4-5 days bounce here.
You can also hold your shorts we can add - I will reenter shorts - when this bounce is done.
My advice is not to trade this long because this will be short and weak bounce and you risk to get caught in a big drawdown.
The same thing happened yesterday. I'm not waiting for this trendline to break down in the following 7-8 days I'm sure we will have a bounce from here. And after that mini bounce we will break 1.1113 down. The turning point could be the 10-20-50 EMA.
I took out Draghi's speech spike because that was a false breakdown.
I think now the EurUsd is the leader and not DXY. The FED june rate hike is already on the table but the Brexit vote is becoming more and more important as the fear will set the the price in this pair.
I set this idea as a long i'm not going to trade it but I'm waiting for a 4-5 days bounce here.
You can also hold your shorts we can add - I will reenter shorts - when this bounce is done.
My advice is not to trade this long because this will be short and weak bounce and you risk to get caught in a big drawdown.
تعليق:
I don't know how is yours, but my wedge broke out to the upside..
تعليق:
It seems to me that Draghi's speech was the right pivot for our trendline.
I set it know correctly. I'm looking for a bounce from 1.1072 on Monday or Tuesday.
I set it know correctly. I'm looking for a bounce from 1.1072 on Monday or Tuesday.