Euro Approaches Crucial Support

2018年8月31日

I'm calling short on this one. US economy is strong, the Dollar will likely continue to rise in value. Various geopolitical reasons are weakening Europe.

We've had a decent rally over the past few days, which I think will be short lived. Rejected hard off the upper Bollinger band, and hit a green 9 on the sequential indicator. The bulls must retain support above 1.153 as this is evidently a crucial level. If this is taken out, all we have is 1.30 as support which will likely fail.

*** This is not financial advice, purely educational ***

2018年8月31日

注释

Clear brake of the red support line, invalidating the potential of a Bull Flag . Next level of support is 1.530

2018年9月6日

注释

Waiting to see if a lower high forms on the daily, and will think about entering a short position if this happens. If the bulls manage to push past 1.173, then I will re-evaluate.

2018年9月10日

交易开始

Nasty Looking H&S pattern forming. Starting to scale in some short positions, and looking to increase once we break support around 1.153.

2018年9月14日

交易手动结束

Took a small loss on this today, I still believe the Euro will drop eventually but I'm out for now.