Dear Traders, As you know ECB is in no rush of any policy change and also hinted that Strong Euro [ >1.25] will hurt more than help the economy. And from the Dollar side, Almost all Economic data except for Avg. Hourly Earnings and Retail sales, are Stellar and is making a strong argument for a stronger $$$. So I Believe sentiment is shifting from Short to Long $$$
So where would the Big/Smart Traders/Bankers/Managers would take profit on their longs and start getting Short. Just Have a Look @ the charts.
If Price is going to stay low for the next 3-6 months, why not make one more blow off top and include yearly pivots too.
This scenario indeed will make Mr. Dragi take more measures to whiplash the bull trend.. I added the chart below

EURUSDiH4-March-18

4 thoughts on “EURUSD Trade Plan”

  1. Bruk Teffera says:

    If Price is going to stay low for the next 3-6 months, why not make one more blow off top and include yearly pivots too. This scenario indeed will make Mr. Dragi take more measures to whiplash the bull trend.. I added the chart above

  2. Bruk Teffera says:

    I Just took profit on all Dollar shorts,.
    heavy divergences on many pairs.
    No one is holding over the weekend
    and also i see one more small long on $$$.
    i will post the charts tomorrow.

    Have a Great Weekend Everyone

  3. Bruk Teffera says:

    Still holding Yen shorts but will close all of em if USDJPY creeps closer to 105.
    need a close below 105 for a smooth sailing to 102

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