The Euro zone is now in deflation, especially in Germany. It is hard to justify buying it until the inflation/deflation equation clarifies going forward. As of right now, a September rate cut by the ECB is basically guaranteed.

New Cable Thread & Other Pairs

That is exactly my thinking for exiting my short. Double bottom around 1.11 and then wait for the bounce to sell if and when the market turns south again.

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Who cares about forever...? If it lasts more than the margin you have, it is equal to forever... Cut your losers and extend your winners. Anything else is pie in the sky...

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I agree... Certainly not today. EU could go down till the end of October. With the Presidential election coming up, the only way to know is to follow price action in H4 or D1 and react to it.

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Here is EU H4 chart. The 10 EMA (White) is just now crossing the 20 EMA (Orange). I will start buying when the 10 EMA crosses above the 20 EMA after the correction. Where will that be? Who knows...? In my view, it is not a good idea to pick bottoms ...

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I am currently short EU. I prefer to Buy on the way up once it bottoms and turns around. The bottom may be lower than most people think...

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Hi friend. Can you please share the dot indicators on the bottom of your screen. Thanks.

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Thanks, buddy.

Only EURUSD

No, I mean the one with the colored boxes at the bottom of your screen. That should be very light on memory.

Only EURUSD

Hi. Could you please share your SL/TP indicator. Thanks.

Only EURUSD

What is your target? Mine is 1.1036 minimum.

EURUSD only

Huge H4 divergence present in GBPUSD. A similar one is also present in EURUSD.

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So... no 1.1500 any more for now? I happen to agree with this butterfly. Technically, I am missing the big drop to 1.0600 or lower before the future breakout to 1.1500 and higher. I feel the drop could come from here to November and the breakout to ...

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I feel a drop to the weekly pivots could happen sometime this week. EurUsd: 1.0995 GbpUsd: 1.2879 After that, I fully agree with you. It looks like new highs for both pairs.

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Great place to visit, even better place to live...

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I am more of a scalper, but with positive swap, I don´t mind waiting for a couple of weeks. I live in beautiful Santander, by the ocean, so more beach time for the next two weeks... Thanks friend.

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Hi Pedro. What do you mean by Longer Term? Weeks? Thanks.

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Do you still believe in the 2260 Weekly Butterfly TP you mentioned a few days ago?

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What are you doing for Exits?

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Excellent. That is pro level work...

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