Trading in a tight range, pending breakout
A retracement towards the supply zone, 50ema shall provide a low risk entry to short this pair to the next classical support
We are seeing weakness in most EUR pairs. With the ongoing Brexit and current Eurozone crisis, we do not see EUR pairs doing as well.
Any short term uptrend is likely to be faced with resistance given the amount of resistance most EUR pairs have to break to be bullish
EP: 1.667
SL: 1.684
TP: 1.6222/1.602
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
A retracement towards the supply zone, 50ema shall provide a low risk entry to short this pair to the next classical support
We are seeing weakness in most EUR pairs. With the ongoing Brexit and current Eurozone crisis, we do not see EUR pairs doing as well.
Any short term uptrend is likely to be faced with resistance given the amount of resistance most EUR pairs have to break to be bullish
EP: 1.667
SL: 1.684
TP: 1.6222/1.602
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade active:
Having broke below the lower low, we are seeing more downside despite not being in the trade.
Below is the new trade idea.
Since it broke lower, the confirmation is more or less there.
Let's ride the trend and see how much EUR can fall
Below is the new trade idea.
Since it broke lower, the confirmation is more or less there.
Let's ride the trend and see how much EUR can fall