Lots of things not going well over there and I don’t see them (energy crisis, inflation) getting any better any time soon…
Can I keep shorting the EUR? 
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Sure you can. I don’t know whether you would make a loss or a profit. As an observer, until the Ukraine war is concluded all of the financial markets hate continuing uncertainty. And Europe is right in the middle of it.
cheers.
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What do you normally base your analysis on?
And on what TF are you looking at? Are you talking about holding?
How has the market reacted in similar times before?
Any clues in past charts?
Yes, keep shorting the EUR and GBP. And keep buying the USD and CHF.
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I wouldn’t be doing anything if you have to ask others is the brutal truth of it. If you think it’s a viable trade then it doesn’t matter what we think. End of the day if you’re practicing good risk management then if you’re wrong it’s 1-2% isn’t it?
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Yes, the trend is your friend
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Yes … until the trend reverses.
I think that’s wise DXY is really strong at the moment and will take a lot to reverse
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I think so. My next major level to take a swing position is 1.01450 and i’mma just let the trade ride on down the toilet from there.
Not that straightforward as we all know. There are better opportunities out there. I’m scaling in on certain NZD pairs. Recession incoming and the Kiwi, suffers more than most. Bank of NZD has over cooked it with their interest rates and i expect it to suffer going into next year by approx 8-10%
Proce Action on Eur pairs would tend to suggest so but once your using proper risk management and banking profits tryst your analysis
Trade the trend. EUR is not stable at the moment like it was previously. It is better to trade the trend than to risk going for long term trades.
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I hope you managed to take some more shorting pips from this trend while it continued. Clearly it has changed now. Trend is up. I’m looking for opportunities to trade long. What do you think?
For real. I didn’t get to take advantage of it as much as I should tbh (mainly because of the way I trade but I’m changing that next year). Did you get in? Trade looks extra good esp with that CPI release!
I was in for a big part of it, but I remember getting out a little too early. Still some nerves with regards holding onto those positions (fear of losing what I’ve made). But now I am much more experienced I am getting less nervous and should be able to hold on longer.
This year though I was busy with work so did not have the time to concentrate on trading too much after that trade. Getting back into it now. Looking at long term shorts on AUDUSD and in with a little long with EURJPY with its little daily up channel formation.
Have a fruitful new year
I have a short EUR/USD trade now. Up by a little but it hasn’t moved as much as I thought it would…
Well, it is Christmas time, so it’s going to be quite. Best to close up for a couple weeks, but that’s just me.
On top of that, I would suggest that, depending on your time frame, it is now time to get long positions on EUR/USD. Part of my technique is to look at the long terms trends, weekly and monthly, and base my positioning on that. My chart below shows a clear break with the down trend and a new up trend starting.
This might not continue though and down trend could resume or even a sideways movement. The thing moving this is interest rates. Personally, I’m waiting for end of Christmas period then will likely be looking for dips to buy into. It is possible this is a high and downward pressure will resume, but I am not sure.
On the monthly chart this is just a higher low and uptrend should continue. Weekly chart can also suggest this is a lower high and down trend can continue. As per below:
Excuse all my other lines, it’s my workings. But there are cases for up and down trends. Currently, I’ve just left myself confused and must go back to my system to let it decide my future actions! So, depends how you look at it, but even so, I think on the short term I’d favour a short position for a possible rebound from a higher low. If a lower low forms below October low of 0.955, then a longer down trend should continue. if a higher low forms, then my bets are with a new uptrend.
Looks like the downtrend you speak of is starting right about… now.
Yes, there is also a big weekly resistance area where is is respecting. COuld very well be the resumption of the down trend. Also Macro’s seem to be on the side of strong dollar too, though I’m not up to date with the fundamentals.
I am short Auzzie though, might still short Euro but eyeing a long position on the USDJPY. Got to do my analysis (been lazy over the holiday season!)
I hope whichever trend you ride, brings you good cash, and a happy new year!
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Same to you! I went long the week before Christmas, didn’t make a lot though as it started to drop. Will keep an eye on this one, lots of events happening this week!