(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) Leave your comment in the comment section below, let me know what you view is!
There is a bigger setup that appears upside and a short term sell off that is on this current post. It all depends on what you want to go with, knowing there is always sellers and buyers jostling...
WHY THE SHORT TERM SELL OFF ON EU? - TYPICAL BEARISH SHARK PATTERN FORMED - PAIR BREAKS BACK INSIDE AN EXPANDING TRIANGLE/WEDGE - POSSIBLE LIQUIDITY GRAB SPOTTED
More important part is that @1.18 level is broken hard and retested as resistance, as the yellow trendline is a multiweeks support that could be defended by buyers. That's why I said short term, please.
Above all, in as much as nothing is certain or fixed,follow your trading plan and risk management, as well as the disclaimer below! Leave your comment in the comment section below, let me know what you view is!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all. Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can not afford to lose.
+80pips booked from sell 1 entry.
SL at entry to BE
PeNuel2020
⋅
target 1 achieved.
WicktatorFX
⋅
I’m more bearish on this!
PeNuel2020
⋅
@WicktatorFX, guess you're doing very fine now in profits
WicktatorFX
⋅
@PeNuel2020, looking to buy EURUSD when we approach your 1.66 level. What do you think?
PeNuel2020
⋅
@WicktatorFX, same here, so long I see a good buy setup. I know institutions will manipulate that demand zone. So, I wont rush in even when price arrives there.
PeNuel2020
⋅
@WicktatorFX, 1.166 ends the bearish shark move cos that's the target 2 achieved. But supposing there was a liquidity grab outside of the expanding triangle, then, I would expect more sell-offs even if we see a bounce off the @1.66 demand zone - a selloff to the expanding triangle bottom...
SL at entry to BE