Sell below 1.1811. Stop loss at 1.1853. Take profit at 1.1712. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly as expected. We look to sell below 1.1811 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.1712 support (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (55,3,1) is seeing major resistance at 96% where a good reaction occurred. It now has good downside potential to ride the rest of the move down.
I am looking to take this long after all of this USD news later. Nice short trade!
TimStuyts
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nice call!
in my video on youtube I elaborate on why I hold last week's sell and was able to sell again. Safe trades.
Aqua_Trader
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i think the bear target is even lower...
BrijeshKukreja
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If the fed raises interest rate US dollar will rally unless other geo political events come in play or tax plan is delayed. In this case EUR will go down
zemnexx
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Yeah, didn't hit 1.1811 proper.
BrijeshKukreja
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NOT sure if it ever properly reached 1.1811. It was quick and went down.
Is it worth holding till 1.1811?