A potential opportunity for this or the beginning of next week (English Language)

Dear all,

I am posting an idea for a quick setup short that could materialize in the Euro-dollar in the coming days, maybe tomorrow or friday.

Watch the picture below (click to enlarge):

If price moves into the 1.2700-1.2720 area I expect a brisk move lower for 1 or 2 days.

The current daily trend is up so, in this context, the trade would be a risky counter-trend trade. This counter-trend trade will not be part of my Swing Model Portfolios.

The next support is at 1.2580-90 so you can wait to go long there with a stop-loss below 1.2540.

Be careful, not only brave. Please read the disclaimer page.

Thank you.


Leave a comment

Filed under English language, Euro FX setups and trades

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s