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ForexTrendline
Oct 19, 2021 4:51 AM

EURUSD with a sell zone Short

EURO / U.S. DOLLARICE

Description

As of right now EURUSD has been moving totally as expected.


We have our sell zone which will be reached very soon. In this case we don't recommend using pending orders. We're looking at an impulse move which means, we could find a better entry level if we're following price action.

If we manage to enter a trade, we will be aiming for a breakout of the low at 1,1525

Follow us to find out when to enter.
Comments
awitmonster
Newbie question..Are you only selling, if so why?
ForexTrendline
@awitmonster, because trading with the trend brings us most success. And right now, we're in a downtrend :)
bhikey
Nice chart
kimstandgraph
Nice and clean idea
ForexTrendline
@kimstandgraph, thanks a lot!
UnitedSignals
Great outlook!
ForexTrendline
@UnitedSignals, thank you!
VasilyTrader
What is your SL recommendation and why?
ForexTrendline
@VasilyTrader, 1,1761 could be used as a SL on this setup and there's other options for more conservative traders as well!
financialflagship
Nice chart mate!
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