Dear Traders, my previous idea on EURUSD worked well and anyone who followed is already on 120+ pips profit.
For signals, charts and analysis, check my signature(link)at the bottom of this idea.
Right now, I want to draw your attention to a Potential SELL Trade that might take place soon.
As you can see, EU is ranging inside the BEARISH CHANNEL.
Hence, I would advise traders to SELL at the TOP of the channel between 1.1305-1.1327 with SL above 1.1360.
TPs can be set at 1.1230 and 1.1080 respectively.
Apart from the channel, the 100D EMA can also act as a strong Resistance which gives us a pretty solid bearish bias once the price reaches our SELL ZONE.
For signals, charts and analysis, check my signature(link)at the bottom of this idea.
Right now, I want to draw your attention to a Potential SELL Trade that might take place soon.
As you can see, EU is ranging inside the BEARISH CHANNEL.
Hence, I would advise traders to SELL at the TOP of the channel between 1.1305-1.1327 with SL above 1.1360.
TPs can be set at 1.1230 and 1.1080 respectively.
Apart from the channel, the 100D EMA can also act as a strong Resistance which gives us a pretty solid bearish bias once the price reaches our SELL ZONE.
Order cancelled:
Price didn't go to the Sell zone and started dropping from 1.1265 itself. Well, let's hope we get another chance.
