EURUSD 18/11/19 Analysis

Trading Discussion Currencies
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Hi everyone, I’m starting a thread on the EURUSD pair for mainly fundamental but all analysis welcome. Hope to share and get ideas from the traders here. More than welcome to chip in :slight_smile:

EUR/USD - 18/11/19

Slow start to markets.

USD and China officials positive on trade deal but markets unsure.

I’m in a sell this morning.

Bullish signals forming.

Either down to fib levels or all the way down to 1.1 again.

sl set tight to 1.1075 as if a push through this my theory is out of the window.

ECB news tomorrow might clear a direction for the rest of the week.

What are your guys ideas? Any thoughts on the fundamentals?

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the red is the weekly zrrsys fan
the green is the daily zrrrsy fan
my strategy is to not trade when price is inside the daily fan
as in my pov that is a consolidation or uncertain area

EURUSD_ecnM30
EURUSD_ecnM301108×326 10.2 KB

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Fundamentals are a bit unpredictable ATM as all eyes are on Trumps next tweet about China.
But technically, as of last night I expected a bit more upside to this before heading south.

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image1600×900 365 KB

As you can see I jumped the gun on my previous short.

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Awesome analysis guys :slight_smile: I called it a little early and had to move my SL out the way a bit but finally came in on Friday down to 1.101. Was a great way to start the weekend :slight_smile: How did you guys fair?

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Yes, it was a great day, and an awesome week overall. I scaled in a couple positions on this for some nice profits.

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