A short idea for EURUSD
The price is likely to trade in a range for the next couple of months trading sideways as Commercial traders close out their short positions and get into long positions. Check the COT report over the next couple of months, they have already started the process.
The price will take out buy stops resting above 1.1990 before price heads down to 1.1400, patience will be key. The push down will take place when the Commercials have their positions in place.
A head and shoulders pattern will be seen on the daily charts and people will get bearish as price breaks down through 1.1600. The whole market will be super bearish and this is when everyone gets suckered into shorts as price heads down past 1.1500, 1.1400 thinking its going down to old monthly lows.
The price will head down to 1.1300 where previous re-accumulation took place. Anywhere under 1.1400 you don’t want to be short because the trap has been set. If the head and shoulders look’s super clean on the daily chart a lot of people will take notice and shorts will be entering. Imagine all the liquidity on the upside when everyone is on the wrong side and have to unwind their positions when prices move up in the second half of the year. The end of the year will see prices heading towards the highs near 1.2300.
The next couple of years will see an uptrend. The target price is …… I can’t give everything away but its probably near an old monthly high
Entry idea 1.2000 better entry near 1.2038
Stop loss 1.2195
First take profit 1.1600
Final take profit 1.1400
Disclaimer: This is for educational purposes only and should not be traded on a live account.
The price will take out buy stops resting above 1.1990 before price heads down to 1.1400, patience will be key. The push down will take place when the Commercials have their positions in place.
A head and shoulders pattern will be seen on the daily charts and people will get bearish as price breaks down through 1.1600. The whole market will be super bearish and this is when everyone gets suckered into shorts as price heads down past 1.1500, 1.1400 thinking its going down to old monthly lows.
The price will head down to 1.1300 where previous re-accumulation took place. Anywhere under 1.1400 you don’t want to be short because the trap has been set. If the head and shoulders look’s super clean on the daily chart a lot of people will take notice and shorts will be entering. Imagine all the liquidity on the upside when everyone is on the wrong side and have to unwind their positions when prices move up in the second half of the year. The end of the year will see prices heading towards the highs near 1.2300.
The next couple of years will see an uptrend. The target price is …… I can’t give everything away but its probably near an old monthly high
Entry idea 1.2000 better entry near 1.2038
Stop loss 1.2195
First take profit 1.1600
Final take profit 1.1400
Disclaimer: This is for educational purposes only and should not be traded on a live account.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน