I'm very short term "long" here- looking for 100+ pips
the EURUSD has cratered for the last few weeks and I'm left wondering what may happen as we approach 13 year lows on this pair. 1.0470 (give or take a few pips) is the lowest level since 2003, anytime I see a double bottom happen with nothing nearer than 13 years prior I get curious and I can tell you I'm curious.
EURUSD could be headed into MASSIVE lows, I'm super bearish with this pair. However it has dropped a goooood amount into fairly historic levels, it should be time for a little pull back/correction.
Here is what I'm looking for, a break of the channel, let it reach the current weekly pivot, re-test the trend line break out then move up into 1.0740/50 area.
Ideal entry: 1.0650 (remember break out, then retest, I'm not buying the first break)
Stops below 1.0570
Target: 1.0740 and 1.0845
EURUSD could be headed into MASSIVE lows, I'm super bearish with this pair. However it has dropped a goooood amount into fairly historic levels, it should be time for a little pull back/correction.
Here is what I'm looking for, a break of the channel, let it reach the current weekly pivot, re-test the trend line break out then move up into 1.0740/50 area.
Ideal entry: 1.0650 (remember break out, then retest, I'm not buying the first break)
Stops below 1.0570
Target: 1.0740 and 1.0845
Jared Johnson
Union Hedge Funds
Union Hedge Funds
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