Sell Range Highs... If You Like Money!

3 בינו׳ 2017

I'll keep this short and sweet, I can't see too many other scenarios to be long EURUSD much earlier than parity (even then I think I still want to be short).

Anyway, Massive resistance sits around 1.0500 and we have a monthly pivot up at 1.0580, I will be looking for any reason imaginable to sell this pair at those levels, I'll probably start small at 1.0500 and add to it if we see 1.0580.

ENTRY ideas:
sell at 1.0500, 1,0580 with some trend line confirmation

STOP loss:
above 1.0675

TARGET:
1.0350-60 is great for near term targets
1.00 is my medium term target
.90 is my long term target (yep, I'm serious!)

4 בינו׳ 2017

הערה

This trade still hasn't filled for me but it's looking better, maybe the FOMC will bring what we are looking for to enter, a trend line break would be ideal. Parameters remain the same, entry could be at break out lower: