EURUSD Short Then Long, I think the trade is long

2021년 2월 1일

I suspect we'll see a continuation of the Risk Off sentiment that infected the markets at the end of last week. If so then we'll probably see a strengthening of the Dollar before pushing short as we hear more about the US stimulus package. That means in this chart short then long as indicated by the green arrows. I see the draw down as a long trade set up.

On the higher time frame I think the down side for the Dollar is limited but none the less I don't think we've see the bottom yet. The bottom may come once the EU releases it's stimulus plans

I'll update this idea as it develops.

2021년 2월 2일

노트

So far so good. Let's see where it gets to before deciding whether to trade it long or not.

2021년 2월 9일

노트

I'll continue to update this idea until it reaches a double top or until it's wrong

2021년 2월 12일

노트

Potential long trade setting up