EURUSD: Potential bottom here

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I'm hedging my USD longs with a long Euro trade here.
I don't disclose the specific entry and stop loss here, I'll reserve that for my clients for now, but you can get an idea of what to expect. It might turn into a H&S type bottom signal if we rally back to the neck line.

It'll be interesting to see, and it's also a good hedge against equity positions, not only USD longs.
Tim West has outlined potential reasons for a turn in the dollar, in the KHL chatroom and his USDCAD short idea post, so make sure to check those out.

Good luck,

Ivan Labrie.
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syot kilat
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syot kilat

Acting great.
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Added a tad more down here.
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The mode support didn't hold, odds of this working are minimal...I'm out. If it goes up, I'll proceed to not care, gold is also toppy here, so I don't see how this can rally.
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I'll only hold GBP and AUD longs, and add to GBPJPY gradually.
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Look at what happened, after the 15 day uptrend mode got breached...that was a decent emergency exit. It didn't make sense to remain bullish then.
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I bought back here:

syot kilat

Watch this week's close later if not stopped.
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Holding and waiting.
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I'm out, if anything I'll rebuy on dips. Neat RRR for a short term entry.
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syot kilat

It's looking good now, back above the daily uptrend mode. If it holds and heads higher we'll see a strong rally.
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syot kilat

My last buy here, not so good, but I didn't want to risk volatility after Yellen talked.

I'll tighten stops and add when viable.
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