anilmangal
Short

EURUSD nice channel

FX:EURUSD   Euro/U.S. Dollar
8167 21 201
The EURUSD             is in a channel so a selling the break of the flag is a nice idea.
Use a tested strategy to trade. If you don't know when and how to enter better not do it because you will not be able to manage it and would likely lose you money. Trading is a high risk business, so if you need knowledge ,practice and experince to succeed.


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Comment:
snapshot
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structure may look like that
snapshot
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Euro has been resting on lt trend line ,
EURUSD - BUY  177 PIP

Reply
that one didnt work out did it
+3 Reply
EUR/USD Big break point 1.1099
Reply
Hi Anil, you wrote that 'it broke but never made it to the bottom of the channel. What does 'bottom of the channel' mean?
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anilmangal PRO ChrisGrech
It was in a channel on the chart I posted.
Reply
TheZabisyu ChrisGrech
You should stop trading, if you can't understand this simple thing! False Breakout, is what it is!
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Means it never hit the bottom trend line, a channel is two parallel lines where prices bounces between the lines until it breaks the channel, great for entries and exits if you know how to trade them right
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fuhhh...finaly 50 pips loss...))
+1 Reply
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