Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary:
In this unusual review we took a very long-term view on the EUR/USD to understand where price is coming from and how algos are positioned in the larger timeframe.
This brought us to consider the possibility for an EUR/USD moving higher into the 1.2230 area. That's where shorts could come into play.
We then focused on the smaller timeframes showing how long Algos are waiting for the 1.1020 to trade. I will be interested in monitoring the smaller timeframe if price gets there, for a pontential 300pips move from there.
Finally we also showed the activity of H4 longs who are barely holding price higher. Would be surprised of their potential failure.
We also touched on the risk-free trade we took in the morning in EUR/CAD.
See you tomorrow, same time at 7PM EST.
Cheers
~FibStalker
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Come daily to Live Video and chat with experts and traders.
-----
In this unusual review we took a very long-term view on the EUR/USD to understand where price is coming from and how algos are positioned in the larger timeframe.
This brought us to consider the possibility for an EUR/USD moving higher into the 1.2230 area. That's where shorts could come into play.
We then focused on the smaller timeframes showing how long Algos are waiting for the 1.1020 to trade. I will be interested in monitoring the smaller timeframe if price gets there, for a pontential 300pips move from there.
Finally we also showed the activity of H4 longs who are barely holding price higher. Would be surprised of their potential failure.
We also touched on the risk-free trade we took in the morning in EUR/CAD.
See you tomorrow, same time at 7PM EST.
Cheers
~FibStalker
-----
Come daily to Live Video and chat with experts and traders.
-----
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