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Minneapolis DRS2  07:11:20 GMT - 03/04/2020  
For longs that's really up to you and your timeframe. You might consider entering new longs between 1100 and 1140 for a quick run into the 1200 range, but that is just speculation on my part. For what it's worth, the price action right now shows gentle selling and sharp jumps...i.e. there is moderate selling going on, but all that selling is quickly overrun a few hours later.

The AT daily chart shows possible stops at 1238, 1248 and 1284. The AT 15m chart shows a bunch of possible stops from 1163 to 1212.

After 1284 there are no more apparent stops (on the daily chart at least) until 1392 and 1411. So...if you enter new longs between 1100 and 1140, I'd figure you could probably get at least 100 pips. That's just a guess of course, but I'll certainly put in the trade when the time comes.


perth wtr  06:59:17 GMT - 03/04/2020  
and for fresh longs?....


Minneapolis DRS2  06:53:23 GMT - 03/04/2020  
If you are still into shorting EUR/USD after this latest run up the stairs, then you might consider entering new shorts starting at around 1.1300.

1300 is a nice round number, and it is 500 pips away from 0800. Also, on the daily AT chart for EUR/USD there are no apparent horizontal blue ladder lines (stops) between 1284 and 1392. So after the 1284 stop is run, some serious demand will be needed to get to the 1392 and 1411 stops.

That's not to say the buying demand isn't there...maybe it is, I dunno. But for new shorts, the 1300/1400/1500 area looks to me like a nice place to get in.






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