EURUSD summer 2019

28 Mar 2019

... Caution is the mother of wisdom. And as Confucius said there are three ways to gain wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest. Let's focus on the first :) The 10y supercycle is a downtrend but if you look at 20y it's just a big swing. NOW: I bet on a 50/50 chance for long/short after EURUSD is around 1.23 - 1.25. But first I choose a 2-step long (STOP 1.085 Target 1.18) and (STOP 1.04 Target 1.24). Not the best risk ratios but... (caution is the mother of wisdom) This is not a forecast, it is just an idea for further happy little accidents :) Cheers