EUR/USD - Possible long to 1.09
Actualizado
Very possible long to 1.09 unit tomorrow speeches of Powell and Lagarde. I expect wild rides on this pair tomorrow. If you look at positioning of hedge funds, it seems that they still expect bullish reaction. However we can have drop down to 1.08 or lower to have more liquidity and crash all longs that retail guys have already.
Operación activa
Even better now.1.0806 long opened
Plan:
Open hedging short positions at 1.0843, 1.087 if we reach there.
Put stop loss at 0 when we reach 1.083.
Ideally free long position for tomorrow and shorts open in case we go to 1.0806 again.
Will see how it will go.
Operación activa
Picked up some more longs at 1.0793Operación activa
Picked up one more last long at 1.0777. Stop loss is 1.072.
If we go below 1.072 will consider shorting at 1.077-1.08 level.
Good scenario - we hit 1.083 and long for free with stop loss at 0.
Unpleasant scenario - some giveaway at stop loss :).
If reaction is bullish - 1.09 to 1.103 are the targets.
Operación activa
Finally having free long with 0 Stop loss with a good chance to reach 1.09. Powell does not sound super hawkish, that is good. LaGarde has the ball now:)Nota
2 of the longs are being stopped with 0 loss. Reentered with discount at 1.0783 with same stop loss. This trade is a lot of fun for sure:)Operación activa
Very interesting trade, no easy ride but a check if you have enough believe in your strategy and a monthly check up for b*lls existence. :)I bet a lot of people abandoned their longs already.
Nota
Stop loss at 0. Watching 1.084 level. I expect a lot of retail shorting at that level and possibly breaking it soon, therefore, if we brake above I will try to add more longs at 1.084.Operación activa
Stop loss was threatened a bit, but avoided. I have opened one more small long position at 1.0787 and also some short hedging position at 1.084. Mostly people are biased to short this pair right now, so I suggest that liquidity will be created for further appreciation. Once again stop loss at 0 for longs.
If you analyze the news and data background, it seems like we having some softening on labors market, that is a theme for this week. If that changes, we go to retest the current lows.
Operación cerrada manualmente
Closed at 1.089. Planning on more longing at 1.08-1.084.
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