I'm not sure how much you'll benefit from it, in fact it may be more of a hindrance than a help! Anyway, the analysis is from rtfx The best analysis to rely on is your own because for every analyst who is USD bearish there's probably a USD bull. Aside from that, you don't know what time frame analysts are looking at or what tools they're using. rtfx tend to follow Elliot Waves where counting is very subjective
keep shorting the euro, that's what caused the spike last week. Last time people thought it was a good time to short euro around ~1.29 price suddenly jumped to 1.36! I am bullish on euro to 1.4331-1.4346 if there are any hourly closes above 1.4346, I am bullish AGAIN to 1.4535. I would not be surprised if eurousd hits ~$1.50 shorts: 1.4225 cover 1.4203 1.4200 cover 1.4155 market can do w/e it wants. Profit taking is done mostly end-of-week, but we are going into the beginning of the week with A LOT of gains left on the table. (maybe for good reason, to fake out shorts..)
Just like surfing. Not every surfer feels the same way about the next wave. Same for market highs and lows, like apartment life, one man's ceiling is another man's floor. I don't surf, or count waves, Elliott or otherwise. Most of the time I sit and scratch my ass.
yep...sure did...I held it from friday and got filled for a 23+ pip profit...but now...watch the decline!..(PS-that was a demo trade)