All Hell is about to break loose

[1963Falcon]

So back to trading... The Euro USD just broke down to a new low out of a triangle so I closed. My short Euro and I will wait and see what happens.

 

[1963Falcon]

If you don't know then a triangle is either an ending pattern or a beginning pattern.

 

[0FXTrader0]

 

[1963Falcon]

Is that breaking out OFX?

 

[1963Falcon]

If you look at the euro/ USD then the Euro is not in an impulse downward pattern.

 

[1963Falcon]

I am actually going to take a long euro trade until it looks bad.

 

[1963Falcon]

That looks like a breakout to me.

 

[0FXTrader0]

Month-end flows point to USD selling today.

 

[postman]

If you don't elieve ten you will only have to wait about one month. It is about to get crazy for Forex and everything else..

4 months later new all time highs around the world.
Do you feel stupid yet?

 

[Kevin FD]

That looks like a breakout to me.

same to me , that sounds sounds like a breakout

 

[0FXTrader0]

Think Euro strengthens to 1.1950 by mid-April. I expect ongoing consolidation till May then we could get a break.

 

[1963Falcon]

I am actually long euro right now but will be short again soon and the next leg down will probably be quite large.

 

[1963Falcon]

OFX..... As usual you are are a very intuitive and a great trader. Thanks for posting here. I am learning a lot from you. I am usually in too early.

 

[1963Falcon]

And imagine that. There was another triangle on the 1 minute chart before the Euro went down for the last time short term...

 

[1963Falcon]

I was looking at charts and thinking maybe as high as 1.200 because of a previous peak on the weekly charts...

 

[1963Falcon]

Things don't look good for the euro/USD in two or three years if the Euro is around then. If we have Frexit then the Euro is done...

 

[1963Falcon]

The euro/USD is in a long term consolidation.

 

[1963Falcon]

Triangles mean that people are confused. They don't know I w how to trade this.

 

[1963Falcon]

I believe the Euro has done all it is going to do so I took my profit and have gone back short on the euro/usd. If it goes above 118.74 then it will go higher and I am wrong.

 

[postman]

I believe the Euro has done all it is going to do so I took my profit and have gone back short on the euro/usd. If it goes above 118.74 then it will go higher and I am wrong.

So rather than all hell breaking lose as you suggested, everything seems to be moving in a very predictable and tradable way.
Dont you feel a bit silly given your thread title.