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krugman25
May 19, 2018 5:23 PM

EURUSD - Analysis for the week ahead and potential trades Short

EUR/USDOANDA

Description

In this video I show some good past setups on the EURUSD that would have been profitable as well as take a look at where the markets may be going over the next week or more. I focus primarily on the inside bar pattern and some potential ways to trade these setups.

Since early this year there have been a number of high quality price action setups including inside bars, engulfing bars, and pin bars. The majority were quality, trade-able setups that would have offered risk:rewards of 1:2 or better. Price is currently stuck in a strong bearish trend so we will be looking for small pullbacks into key resistance areas to get short with the trend. There is also a larger head-and-shoulder pattern that is currently forming. Prudent traders will want to watch closely to see if that pattern continues to form as well.
Comments
mike.sharko1982
Thanks you very interesting idea!
krugman25
@mike.sharko1982, Thanks!
mike.sharko1982
@krugman25, everything goes like you predicted before! going to 1.2?
krugman25
@mike.sharko1982, Sometimes it freaky how accurate I can be, lol. I would say 1.9 if it does push all the way up to form the second shoulder. The reason 1.9 is because there is a descending slant between the left/right neck lines, so it more probable that a slant forms in the shoulders and the right one comes in a little lower than the left.
krugman25
@krugman25, Meant to say 1.19. About 100 pips lower than you were thinking
mike.sharko1982
@krugman25, see you there then :))))
marketdiverfx
Excellent, it also shows how it only takes 1 to 3 pairs throughout the entire year to make a living. If Daily charts are producing around 150 to 200p per swing and catching runners, longer term trends, it adds up to lots of money. It's like reading the story of the market and building a relationship.
krugman25
@marketdiverfx, I agree 100%. A lot of opportunity in that single chart.
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