Page 1 of 1

Becareful EURUSD intraday traders

Posted: Fri Aug 07, 2020 7:24 pm
by Yodelx90
currently:
Heavily manipulation

the only plays are real quick scalps toward mean reversal in small 15 min consolidation nodes
-and-
intraday trend with a wide stop

support @ 1785... more likely a target

Use fibs

becareful of breakout/breakdown plays as the moves are going to be truncated.

Also note: looks like unwinding long positions

All algo and no human volume

and if you didn't realize, you are actually trading the US dollar inversely.

Re: Becareful EURUSD intraday traders

Posted: Sat Aug 08, 2020 12:18 am
by Yodelx90
Dollars got a way to go

USjpy 106.05-106.10

Re: Becareful EURUSD intraday traders

Posted: Sat Aug 08, 2020 12:27 am
by Yodelx90
USD Antipodean sellers good bet to hold till end of US session

Re: Becareful EURUSD intraday traders

Posted: Sat Aug 08, 2020 1:20 am
by mlawson71
Thank you for the advice.