ForexTrendline

Current trend selling opportunities on EURUSD

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
21st of July
22nd of July

EURUSD is moving as expected and is now heading down to 1,1700.
If you have short positions I would suggest that now you move your stops and reduce the risk.

But you can also look for new entries! Here's your options:

The current resistance after yesterdays fall is at the 1,1780-90 zone. In case price reaches those levels and it rejects them, you could make an entry with SL above 1,1830.

The other option is to wait for a breakout of the 1,1760 level and then to look for rejection again on the retest. In this case you can also use a more aggressive SL which could be above the rejection candle.

In both scenarios our targets will be 1,1700.

Follow us to see how this trade goes.
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Comments

Awesome chart, thank you! 👍
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ForexTrendline financialflagship
@financialflagship, You are welcome!
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thanks for the analysis
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ForexTrendline Stargazer_fx
@Stargazer_fx, no worries, follow us for many more to come
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keep it up buddy!! I like your style
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ForexTrendline TheSignalyst
@TheSignalyst, thanks a lot!
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Wow amazing job
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@YMGroup, thanks for your support!
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Very Possible Scenario 🔥
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ForexTrendline AtlasTrades
@AtlasTrades, yeah let's see
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