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0408 EURUSD possible selling plan for 400 pips

Short

Euro / U.S. Dollar (FX:EURUSD)

FX:EURUSD Euro / U.S. Dollar

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Hello traders,

EURUSD has been rejected from fibo 1.618 position of last impulse leg.
It might drop down hard to next support zones if any selling signals appeared again.

Good luck on waiting it .
LESS IS MORE!

Trade closed: target reached

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Comments

Waiting for xauusd analysis🙂🙂🙂

Congratulations

up to 1.25 possible if that Monthly descending trend line respected.

pjmurray2010

@pjmurray2010, show us ur chart, pls.

FUNTRADER-Vera

@FUNTRADER-Vera, can't you draw a monthly descending trend-line yourself? It is obvious its broke out.

pjmurray2010

@pjmurray2010, :)

I think we will hit 1.19 before going down for a true reversal or at least after the U.S election. Considering low gdp, high unemployment, stalled stimulus (if approved will create huge flow $ in the market) rising covid, trade war that will effect U.S economy

samuelericsss

@samuelericsss, yes, it is possible.We should cover all the possibility and choose the most confident part to hunt pips for profit.

Thanks for you info.