Good day fellow traders,
Showing my current strategy on EUR/USD. Fundamentally based on recent Dutch elections. I fear this was NL's last hope. It's unavoidable, we're going to enter the "build back better" era. :'( I'm doing well obviously. However I'm very much concerned for my fellow citizens. They have no clue what's coming for them. Nonetheless, when you're a trader... You know how the cookie crumbles. Time to make money.
Short- & Mid-Term: Big chance small outbreak by bull flag. However probably gonna get resisted. Otherwise heading to retest support.
Long-Term:
Technically and fundamentally bearish imo. EMI 2 is very bearish. Money flow is decreasing and its velocity also. DXY is also crashing, hence the reason it's not decreasing to quick. When the money flow velocity indicator(light- blue line)is below 0, then you know Money Flow is decreasing relatively fast. In addition, there is this huge symmetrical triangle that is forming. If this the the recent top, which I believe it is. In this case we call it bearish pennant or a bear flag since its price action has entered from above. With all of this considered. Retest of support is inevitable. The chance of breaking bearish is life changing huge. Not financial advice. However, before entering a short trade. I'm going to wait patiently for a yellow X with a red diamond for confirmation from EMI 1. If my analysis is correct. We will see approximately a 10%-25% crash. I'm gonna call it, The Great Short 2.0.
Showing my current strategy on EUR/USD. Fundamentally based on recent Dutch elections. I fear this was NL's last hope. It's unavoidable, we're going to enter the "build back better" era. :'( I'm doing well obviously. However I'm very much concerned for my fellow citizens. They have no clue what's coming for them. Nonetheless, when you're a trader... You know how the cookie crumbles. Time to make money.
Short- & Mid-Term: Big chance small outbreak by bull flag. However probably gonna get resisted. Otherwise heading to retest support.
Long-Term:
Technically and fundamentally bearish imo. EMI 2 is very bearish. Money flow is decreasing and its velocity also. DXY is also crashing, hence the reason it's not decreasing to quick. When the money flow velocity indicator(light- blue line)is below 0, then you know Money Flow is decreasing relatively fast. In addition, there is this huge symmetrical triangle that is forming. If this the the recent top, which I believe it is. In this case we call it bearish pennant or a bear flag since its price action has entered from above. With all of this considered. Retest of support is inevitable. The chance of breaking bearish is life changing huge. Not financial advice. However, before entering a short trade. I'm going to wait patiently for a yellow X with a red diamond for confirmation from EMI 1. If my analysis is correct. We will see approximately a 10%-25% crash. I'm gonna call it, The Great Short 2.0.