Speecy EURUSD short into overbought conditions.

٦ أغسطس ٢٠٢٠

The recent bout of USD weakness has sent the Euro parabolic against the greenback.

Today we saw the thirds touch at 1.1910-1.1920 area and it feels like the market may be starting to tire at these heady levels.

I am looking at a short trade here around 1.1840 with a view to covering on a pullback into the 1.1600 area on a mean reversion trade.

Stops above 1.1920, as this will negate my theory.

Happy hunting


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١٣ أغسطس ٢٠٢٠

تم إغلاق الصفقة يدويًا

Stepping out of this trade at Break-Even.

Although the market quickly move 120 ticks in favour, it never followed through to my suggested target.

Position closed at 1.1835