Technically Fundamental
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This any better?
Gecko (and anyone else in this)
I'm going to add to my Bund short at the end of the hour at 122.33 should it get there. (I'd be looking for the current candle to end as an IB) - it's just above the neckline of an hourly H&S.
Support coming in below at 122.23, 122.09 and then 121.60 (HUGE).
Parity?! ffs I thought 1233 at a push...
Don't be a pussy. If that goes back to 123 it's going to go down faster than Omni at a gay bar.
Suppose euro has been boxing above its weight for a while... so do you think parity then a correction or just parity?
Suppose euro has been boxing above its weight for a while... so do you think parity then a correction or just parity?
Pull up a monthly chart ... Parity is not at all inconcievable and what if this is a very big head and shoulders in the making ...
Parity then a bounce on the 5m?
Then the real collapse.
I'm looking at the daily H&S on the EUR/USD which started forming on 18th March. If I've got my neckline right, the right shoulder is just touching the neckline (and the 50EMA).
I would be looking to enter short at the break of the neckline and 50 EMA. Anyone still waiting to trade this? Would like to know what people think is a good point to enter if it's not too late already.
Edit : Just realised there is a pin bar off support on 1 HR and a 2nd potentially forming. Perhaps there will be a small bounce before the real drop...
I can't see an obvious H&S there? Post an image...
A couple of hours to go before this candle closes but a possible short?
View attachment 54424
View attachment 54426
Perhaps the left shoulder is too big for this to be a H&S. Let me know what you think.
Could someone explain from their chart why EUR is likely to tank?