SimonRasmussen
Short

A note on strong potential in a possible euro short setup

FX:EURUSD   Euro / U.S. Dollar
As title indicates, just an observation that if we see a setup for a short this should hold strong potential. The short setup will come about only after a solid break of the 1.1075 level (see chart). If we get to this point, then we have a very direct price action between here and the 1.096 level (see ellipse form marked on chart). Further noticed both these levels and their well defined and exact nature - by considering last bounces on these in price action. For one thing this is promising in term of getting fast price action between the levels, but should also face little opposition as this is what we saw in this price range when price broke upwards on 3rd of february. I have not included more specific ideas to the trade, simply for focusing on the nature of what I expect price to behave like in this 1.096<->1.1075 zone.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out