EURUSD - Long 5 : 1 Win vs Risk - expecting Dollar weakness

2019年5月29日

Hello all

I am bearish on the dollar, although short term recent price action suggests otherwise.

However, big picture, with the very bullish 4 hour candle printed last week on EURUSD, I am expecting after a retrace into the 50% to 61.8% area for it to now make a new leg higher.

It is making higher lows and where the bullish candle was printed, it broke the previous low on the wick however closed higher than the previous week.

Along with a similar move that gold made overnight from another idea I posted.

I do now expect this to cycle higher.

It is at a monthly area of support and on the weekly, last week it printed a bullish candle.

Let's see how this plays out, I am in at 1.11570 - 3 entries - with varying targets.

Thanks for looking

Duncanforex.com coming in July.

2019年5月30日

交易开始

Hi all

Trades have finally turned around, I am now in two more entries at 1.1135 - 5 in total .
Targets are 1.1200, 1.1250 , 1.1310 , 1.1395 and 1.1480

2019年5月31日

交易开始

Trades are live and going well

2019年6月3日

交易开始

Traders live and first target hit.

2019年6月4日

交易开始

Stops moved to 1.1225 area with expectations it will continue to move higher

2019年6月6日

交易结束：到达止损

Stops hit at 1.1225 area - will wait until after NFP to re-enter Long