A follow up on my previous analysis. Hope you have noticed, not doing any real TA here, because as mentioned in the previous analysis, i don't see the real sense of it. Anyway, at the moment, there are 2 reasons to why i think we oculd have a temp high.
First of all, as i have shown in the chart, big resistance zone on the right, that one wont just break (i think). Posted a message in my public channel half hour ago:
For the ones who took on the EURUSD hedge, pumped 600 pips already, chance it might make a correction now, also because i think indices might go up which causes eurusd to drop a bit. But simply holding is good as well, its more for the active trader
The second reason is explained already, at the moment the Dow is continuing it's pump. This doesnt change anything for my long term view though. Maybe for the ones who did long, but not as a hedge, would be very smart to take a good chunk off here. For the ones who hedged, no bad play here IMO.
i see it's down 30 pips already, sorry about that, did my best to write this, but still very good :)
Previous analysis:
First of all, as i have shown in the chart, big resistance zone on the right, that one wont just break (i think). Posted a message in my public channel half hour ago:
For the ones who took on the EURUSD hedge, pumped 600 pips already, chance it might make a correction now, also because i think indices might go up which causes eurusd to drop a bit. But simply holding is good as well, its more for the active trader
The second reason is explained already, at the moment the Dow is continuing it's pump. This doesnt change anything for my long term view though. Maybe for the ones who did long, but not as a hedge, would be very smart to take a good chunk off here. For the ones who hedged, no bad play here IMO.
i see it's down 30 pips already, sorry about that, did my best to write this, but still very good :)
Previous analysis:
