MEX_Exchange
Short

EURUSD remain bearish for a drop from here

FX:EURUSD   Euro / U.S. Dollar
Sell below 1.1862. Stop loss at 1.1974. Take profit at 1.1728.
Reason for the trading strategy (technically):
We remain bearish after EURUSD has triggered our sell entry. We look to sell below major resistance at 1.1862 (Multiple Fibonacci retracement , horizontal pullback support) for price to drop to at least 1.1728 support ( Fibonacci retracement , horizontal pullback support).
Stochastic (55,3,1) is dropping nicely from our 94% resistance level pushing price to the next support level . We still have good downside potential for this strategy.
Comment: Guys, I can't update all ideas here in real-time. We actually changed EURUSD idea to this : https://www.screencast.com/t/xDUAdfXfT3i...

When the trading room is launched I will be better able to guide you all in real-time. Try to get out of the trade when it retraces.
Thank you :)
Reply
Thanks for the update! I am really looking forward to the live trading room, it's gonna be fun.
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when is the trading room eta and should we follow your site for more info?
Reply
which time frame are you using for the above setup
Reply
I'm in, GL.
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