EURUSD: Uptrend kicking off?

I'm long $EURUSD from 1.16 give or take, and aiming to add once we break out from weekly resistance, which I think we will be tagging within 2 more days. There's a significant chance that the prevalent opinion that the dollar bottomed and that we are seeing a 'head and shoulders' top in the Euro are wrong, and all those shorts get squeezed to death. This would create a furious rally that could take us close to 1.3 during the course of 3 months give or take.
Stay safe, stay a contrarian...Best of luck!

Cheers,

Ivan Labrie.

評論:

We hit the weekly mode on time, as I expected...now we need time to break up, so we will likely go sideways until it is doable.

評論:

Now we should go sideways for a few days like I predicted.

手動結束交易:

I'm out for now, but watching closely.

評論:

I bought back 2 days ago, adding gradually for 2 more days.

Clearly I was right with my initial asessment.

評論:

Bought into strength here.

評論: