Raoul Pal@RaoulGMI 6h6 hours ago $EURUSD Seems like a near perfect set up to establish a test short. Stop loss is close, giving a great risk reward. DeMark has a daily 9 too
Darn, that is a GOOD trade! I'm short EURUSD at 1.0862, stop at 1.0922...60 pips plus slippage which could be quite a bit. Technically, although it has been in an uptrend for some time, today it hit previous highs and couldn't stay there, indicating a possible change in trend...also big gap all the way to 1.0779 Fundamentally, we have loose monetary policy in Europe (the Thursday meeting could change that, but i doubt it) compared to tightening in the US. Also Trump is announcing some tax change on Wednesday which may be good for the dollar.
Knowledge Leaders@KLCapital 3h3 hours ago Is the USD Bull Market Over and What That Would Mean for Your Portfolio http://blog.knowledgeleaderscapital.com/?p=13034
✈️ Pippa Malmgren Retweeted Brexit Alarmism@BrexitAlarmism 4h4 hours ago Latest BBC French Election Poll Tracker shows Le Pen gaining momentum http://www.bbc.co.uk/news/world-europe-39641442…
I would start to short European equities on Macron win as I expect the opposite reaction from markets contrary to widespread beliefs his victory will spur the rally further.