Amazing trading activity today.
I got out of my short on EURUSD with 2R profit as ECB lowered interest rates to be even more negative.
Absolute madness if you ask me, but I will trade it happily, while I buy physical could.
Anyway, right after I was out of the trade EURUSD rallied higher forming a huge engulfing candle.
I will be looking to trade this countertrend entering on the 50% retrace of the candle.
Fundamentally lower interest rates should mean downward pressure on the euro, but then again, it is total madness.
I trade it as I see it. The fundamentals may play out over a longer period.
Date Pair Direction Trade Trend Level Signal Entry
2019-09-12 EURUSD Long Counter Trend Down Static Engulfing retrace
I got out of my short on EURUSD with 2R profit as ECB lowered interest rates to be even more negative.
Absolute madness if you ask me, but I will trade it happily, while I buy physical could.
Anyway, right after I was out of the trade EURUSD rallied higher forming a huge engulfing candle.
I will be looking to trade this countertrend entering on the 50% retrace of the candle.
Fundamentally lower interest rates should mean downward pressure on the euro, but then again, it is total madness.
I trade it as I see it. The fundamentals may play out over a longer period.
Date Pair Direction Trade Trend Level Signal Entry
2019-09-12 EURUSD Long Counter Trend Down Static Engulfing retrace
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