EuroDollar - Knife Catching is Fun

(Trade this on 1Broker in my signature link for no-fees BTC-settled markets with social trading)


Sudden dump targeting stops under last week's low.

Conveniently did not sweep out June 1 liquidity.

I like the prospects of a day trade.

Long: 1.6519 (can get in cheaper now)
Stop: 1.519
Target: 1.828

R:R 2.84

Let retail sell the bear flag short. I believe if price hits my stop it'll head to new lows on longer time frames and is too dangerous to risk.

On the other hand you're longing an absolute doom candle, so that's always uncomfortable.

Stops and targets are how you navigate while doing your best to guess.

Will be a public trade on 1Broker when active. You can "copy" me on the platform as well.

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הערה:

Knife catching was actually not fun and this is exceedingly bearish. Will it double bottom? Will it nuke?

Whatever is the hardest to guess.

הערה:

Getting stopped out sucks, but I re-entered this trade long at 1.5869 based on the below pattern, which is one of my favourites.

That action around consolidation makes me think shorts are being trapped.

That being said, it's Friday and weekly looks amazingly terrible.

So this is either a phat long or a total trainwreck, but stop below the low at 1.543.