IL87
Short

EUR/USD in bearish trand

FX:EURUSD   Euro Fx/U.S. Dollar
1324 13 23
On charts I found bearish trand
Target is 1.05
It is posible to open SHORT position on 1.12 take preoft: 1.06 stop loss 1.15

Related Ideas

IL87
EUR in 5-th wave
IL87 about EURUSD 6 months ago
Congratulations! Your chart has been selected to be highlighted as the post of the day! This is a great example of a range trade that incorporates a positive risk / reward ratio.
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IL87 walker.england
7 months ago
Thank you! I'm very pleasfull!
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PCTradeKop
7 months ago
AGREE...also saw the channel but there is harmonic patter within it too...
EURUSD - Update...SHORT
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IL87 PCTradeKop
7 months ago
That is additional signal about bearish trand!
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MaryJane
7 months ago
Thx for your opinion....i had the same view many days ago, but the pattern is still valid as long the Pair is trading below 1,15.
EURUSD still caught in the Box!

snapshot

The Pair is trading in a big trading box since the beginning of 2015. The box is reaching from 1.05-1.1475.
The rapprochemenrt to the box`s upper edge increases the risk of falling Prices. Perhaps this Level could be a good Chance for Shorts. The Chance/Risk-Ratio is very nice at that Level (have a look at the short Position in the Chart).
The pure trend theory makes a new maximal shortterm High at 1.1615 possible. Should this Level, respective 1.1475 not be defeated, a new downwave to 1.11/1.07/1.05 can be exspected. Below the box`s bottom edge a fast selloff can be exspected.
In the longterm view, i see a clear bearish pattern - a bearish flag with worst case TP @ 0.8

snapshot

this Szenario will only be activ with Prices below 1.05.

For Longs, i also see an anticyclical Long-Chance. For further informations have a look at the following chart

snapshot


Good Luck
+1 Reply
IL87 MaryJane
7 months ago
My opinion that is bottom of trand. To end of 2016 EUR go up
Reply
MaryJane IL87
7 months ago
Hey IL87 - that really makes sence with a longterm view.....but if we have a closer look at the shortterm trend, we see an upswing wave which is still valid at the moment..to act on the shortside is a good idea because of the nice Chance-risk-Ratio with a stopp above the box`s upper edge.
snapshot
my main pattern is the 1-2-3 trading, lets see :-)
If u are interested in further Information about the 1-2-3 , please have a look at
Introduction into 1-2-3 Trading Pattern
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RamaDeda
7 months ago
Good Trand and good preoft! Another grat call Walker England!
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IL87 RamaDeda
7 months ago
Thank you for comment!
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SAID
7 months ago
Euro USD is expected to go much higher trend its not breaking the point yet all indicators showing buy trend
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IL87 SAID
7 months ago
While I can't see breaking resistance line
But if you sure that it will hapend it could be good posibility to plase order in long!

snapshot
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IL87 IL87
7 months ago
sory, that is right chart:
snapshot
+1 Reply
IL87
6 months ago
As we can see EUR in bearish trand. Kepp position to 1.06
Reply
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