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Re: EUR/USD

#352
mlawson71 wrote:
Sat Aug 04, 2018 10:54 pm
rijay wrote:
Fri Aug 03, 2018 12:08 am
Technically USD is preparing itself to strengthen for range breakout. Just gathering more long EUR traders to be caught on wrong foot , to provide steam for the move.
Usually these summer ranges last well into September though.
Have a look at weekly and monthly chart of USDINDEX.

on weekly chart tipping point has been reached from where good move can start.

Gold has already thrown get ready signal by trying to break 3 year old trend line on downside.

Despite USD remaining in range gold has been weakening.

Either USD has to strengthen for range breakout or Gold has to strengthen very fast to avoid trend line break.

I think Mr. Trump knows it best.

Re: EUR/USD

#354
mlawson71 wrote:
Wed Aug 08, 2018 11:38 pm
It rebounded again from 1.1530, I feel like we won't see an end of this range before September.
range on USDINDEX has already shifted higher last week to it crucial point 95,
now that as base for move breakout is immitent,

all traders will be trapped when they wake up to see their stoplosses are hit on long EURUSD positions and they will rush to cover it, that will provide big upleg on USDINDEX strength. and necessary big break out candle on daily and weekly chart.




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