[Trade Signal] – EUR last chance shorts…

EURUSD is for the moment showing last chance shorts.

Currently our trade room is short on EUR and has been since 1.3760 as well as several add in points along the way. In the last week we recognised that price was in and “angled range” quite early on but trying to pick that high of the range has been quite difficult to consider a short trade entry to add in again.

I think we are at the last chance short level before needing to seriously reconsider direction. We have some health profits here so its just a case of how much and when we cash out.

Assuming price does indeed sell off I’ll be looking to add in below 1.3500

EUR-Nov-18-13a

In other news in an otherwise very quiet week we see Stock Index futures pushing ever higher making some new records along the way.

Dow Futures - My darling Dow continues to give like a kindly uncle as ES & NQ (SnP & NASDAQ)

YM-Nov-11-13e

Entry above – profits below

YM-Nov-11-13g

S&P Futures - similar view of entry and profit move

ES-Nov-11-13a

Entry above – Profits below

ES-Nov-11-13c

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Comments

  1. Alas it was called a last chance short for a reason… and up it goes for the moment.

    Currently Im reassessing and considering longs. I think I will be using the 1.3500 level as a pivot now. ie. longs above shorts below