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CollegeofPips
Dec 2, 2020 11:02 AM

EUR/USD | Potential Downward Movement Short

EUR/USDOANDA

Description

💡 Trade Idea

📈 Sell Order EUR/USD @ 1.2047

🎯 Target Profit 1.1964

🛑 Stop Loss 1.2088

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description: The price failed to break the daily resistance (1.2088), and it posted a double top which indicates a potential reversal. The price is trading around the neckline of this pattern, so we expect a move downward towards the target profit.
Comments
Sinigdha123
Great work
Thanks for sharing
CollegeofPips
@Sinigdha123, Thanks much appreciated.
Orca-Whale
Follow me, I am the legend of technical analysis

CollegeofPips
@HermiT0402, Good luck thanks for your comment.
Tulip06
So nice work! Share more such ideas
CollegeofPips
@Tulip06, Thanks for your feedback.
AIRFOREXONE_
nice work love it
here's my point of view
CollegeofPips
@airforexoneJAVIER, Great job.
TradingSafely
Great Advice on account risk. I personally risk no more then 2.5% of my account size. Taking a loss like you just took hurts less when your risk is small! Take a look at my two session EURUSD strategy
CollegeofPips
@TradingSafely, great analysis thanks for sharing.
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