Currency Pair: EUR.USD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Short
EUR.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
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Although price has moved in the predicted direction it failed to consolidate deep enough for an entry. Full transparency i didn't take this trade, however i hope those who did made some solid return.
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If you are currently short, i would look to trail your SL given the 4hr TF deceleration.
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Given current candle formation i expect a test of 1.1720
I avoided this pair, shorting Euro / Chf, Aud, CAD and NZD.... Looking at futures and bonds as well as weighted averages on the Euro, much more to come, with obvious pull backs
UnknownUnicorn180388
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@CBMotivation, I agree, i'm sitting back at the moment.
@tomhall, what do you think i think is gonna find support at 1.1450-1.17 but i thiknk is going further down trend maybe that happened because of the America-Iran agreement cancellation... what do you think??? ig going to go in a few months period at 1.06 as it was 1 year ago (long term) ??
got in at 1.1949 when the 6 hour printed a bearish pivot candle. $$
kenzboard
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@kenzboard, i'm looking at august 2008 as a fractal for eur/usd. the dxy made a similar move back then to what its doing now as well. eur/usd could fall considerably in the next couple months.