EURUSD - Wait for the breakdown and short the pullback!
Hey guys, not sure if anyone missed me.
I went on a impromptu vacation to Vietnam for a week.
Vietnam is so beautiful, I mean both the beaches and the babes.
I just got back yesterday.
Just in time to watch the FOMC news.
Updates will be more regular from today onwards!
The rate hike happened!
Another 2-3 more rate hikes will happen in 2017.
This means
1. USD will continue to be strong
2. Sell XXX/USD and buy USD/xxx pairs
Execution strategy
For EURUSD, I will now adopt a trending strategy.
I want to see 1.0470 broken downwards, I will short on a pullback
SL will be at 1.0540 and targets will remain open for now.
This could potentially reach parity.
I went on a impromptu vacation to Vietnam for a week.
Vietnam is so beautiful, I mean both the beaches and the babes.
I just got back yesterday.
Just in time to watch the FOMC news.
Updates will be more regular from today onwards!
The rate hike happened!
Another 2-3 more rate hikes will happen in 2017.
This means
1. USD will continue to be strong
2. Sell XXX/USD and buy USD/xxx pairs
Execution strategy
For EURUSD, I will now adopt a trending strategy.
I want to see 1.0470 broken downwards, I will short on a pullback
SL will be at 1.0540 and targets will remain open for now.
This could potentially reach parity.
Updated view on EURUSD.
AB=CD pattern completes 1.0505.
Will initiate my short at that level with stops around 1.0580.