💡 Don't miss the great sell opportunity in EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 23, 2020 5:19 PM

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1876). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 34.

Take Profits:
TP1= @ 1.1800
TP2= @ 1.1760
TP3= @ 1.1703
TP4= @ 1.1650
TP5= @ 1.1603

SL: Break Above R2

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Comments

Lizabet

⋅ Nov 23, 2020 6:12 PM

Yes, Short it is. Nice setup 😊

ForecastCity

⋅ Nov 23, 2020 6:23 PM

@Lizabet, Thank you for your comment. We appreciate it

Mehmetozdemi

⋅ Nov 23, 2020 6:04 PM

I think you're right. I agree with your idea.

ForecastCity

⋅ Nov 23, 2020 6:23 PM

@Mehmetozdemi, Thank you for your comment. We appreciate it

yusufipek1989

⋅ Nov 23, 2020 6:17 PM

Good call👍

ForecastCity

⋅ Nov 23, 2020 6:23 PM

@yusufipek1989, We appreciate your comment. Thanks

Kamryn

⋅ Nov 25, 2020 12:48 PM

Thanks. I like this chart. 👍

ForecastCity

⋅ Nov 25, 2020 1:03 PM

@Kamryn, Thanks. We appreciate your comment.

CollegeofPips

⋅ Nov 25, 2020 8:45 AM

Thanks for sharing your ideas.

ForecastCity

⋅ Nov 25, 2020 1:03 PM

@CollegeofPips, You're welcome.

We appreciate your comment.