EURUSD: Broke below Brexit support, 1.09115 next

11 окт. 2016 г.EURUSD didn't hold at the Brexit key level, so we can expect it to drop rapidly towards 1.09115.
If we drop down fast enough, a 2-month time at mode downtrend signal might trigger, this would send the price down to 0.87 or so. I'm looking to trade it in the short term, riding swings up and down for now. Currently, the bias is short, we can short on retrace above 1.10931, at market, and/or on a new daily low, risking a rally above 1.11373. Risk 1/3 per entry.

Good luck,

Ivan Labrie.

12 окт. 2016 г.

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I flipped long at 1.1030.

12 окт. 2016 г.

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I'm flat now, the short term chart changed.

13 окт. 2016 г.

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I'm long again, watching it closely. We have some volatility ahead of earnings season.