Very possible continuation of appreciation of this pair. I think the best way to enter on pull back around 1.08-1.084 or at 1.0915 if we break above.
Very likely PCE and jobs date will be softened. If so, we might be heading to 1.10-1.11. If combined with still strong inflation in EU, 1.126 very likely.
Overall, I expect going back and forth, and eventually hitting 1.103. COT data shows a lot of institutional longing and retail traders mostly shorting now, therefore, any catalyst and we go up immediately.
Very likely PCE and jobs date will be softened. If so, we might be heading to 1.10-1.11. If combined with still strong inflation in EU, 1.126 very likely.
Overall, I expect going back and forth, and eventually hitting 1.103. COT data shows a lot of institutional longing and retail traders mostly shorting now, therefore, any catalyst and we go up immediately.
تم فتح الصفقة:
I have entered at 1.0915 and also opened some small long at 1.087 before that. We see some serious resistance at 50-day EMA (1.093-1.095), if we fail go slice through, pull back to 1.0895-1.087 is possible. I will try to pick up some more longs in that area.
Most of the retail sentiment trading this pair holding shorts already and data published pointing to "hold the rate" narrative, therefore, I expect bullish continuation and will be trying to pick up some longs at pullbacks.
Stop loss at 0.
Popcorn is ready.
Most of the retail sentiment trading this pair holding shorts already and data published pointing to "hold the rate" narrative, therefore, I expect bullish continuation and will be trying to pick up some longs at pullbacks.
Stop loss at 0.
Popcorn is ready.
تعليق:
Added some more longs as was planned.
أغلقت الصفقة: تم الوصول لوقف الخسارة:
0 Stop loss triggered and was able to close my 1.0895 at 1.088.
Spectating for now where it will stop. Will be looking to long again when downside pressure will stop.
Spectating for now where it will stop. Will be looking to long again when downside pressure will stop.
Retail sentiment started to long actively, so we have good chances to go down a bit more.
Tomorrow is US unemployment data, so if we go up to 1.09-1.0915 will also be hedging with some shorts. I expect some choppy day on the market today, so I might close my 1.0895 at 0 loss if possible.