EURUSD - The Time has Come!

19 авг.

I'm a little late to the trade because I missed the retest of the 1.095 Bi-monthly level, but a new setup above 1.103 is still valid.

The monthly trend has just issued a bullish signal. This is something that hasn't happened since Nov '20 so I think it is worth the risk after so many attempts to break out of this range.

Will love to see this close above 1.10375 for the month of August. This will add a lot more conviction for the breakout play.

4 сент.

Сделка активна

Back at entry.

Anyone who missed the initial trade now has a second chance to get in.

I’m moving the stop loss to 1.1022.

9 сент.

Сделка активна

Not the reaction I was expecting.

The DXY is currently testing key macro support, so I’ll be monitoring closely to close this position with minimal loss if it falls below 1.10328.

Both EURUSD and GBPUSD appear poised for a potential downturn. Given this, it might be wise to consider a long position on the dollar once again. The other trades seem rather obvious, so it could be a strategic move to capitalize on the dollar’s potential strength.

10 сент.

Сделка закрыта вручную

Closing this position.

We might see a better entry opportunity at the end of the month, or it's a short opportunity arises.

There’s weakness at support following a breakout, indicating a potential failed breakout ahead!