tntsunrise

EURUSD in a critical zone

FX:EURUSD   Euro Fx/U.S. Dollar
4677 22 122
EURUSD             in the zone:
This zone is created in year 2015.
and it acts as major resistance to EURUSD             .
Now the Price has come into the zone
So i will be very ineterested to see the price action
here.
If Close above 1.1540, then Eurusd             will go up to 1.20
If failed to break, then Eur usd will back to 1.0540
So let's watch for the break out or the bull trap
Trade what you see.
Comment:
snapshot

EUR HAS HIT THE 200% EXT
USE 2 TRY RULE TO TRADE
Comment:
snapshot
Comment: Congratulations for thoese who trade the pin bar at 1.1600 level
Comment:
snapshot
Comment: Hey traders, look at the chart now.
what do we see?
yes! a rejection!
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Another to keep an eye on, thanks.
Reply
Hi Tnt. I think its about to short. Can you see any sign in lower time frames.
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can you tell us when exactelly Open the trade ?
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tntsunrise TOP Robenbianof
I will update
+2 Reply
hello TNT, I would like to put a buy stop to hedge my shorts but cannot decide where to put it. I think 1.1565 buy stop, 1.147 SL 1.1650 TP
WHAT DO YOU THINK? Would you suggest thighter one to reduce my loss?
Reply
the higher resistance is at 1.1650
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roadtogo tntsunrise
luckly I dragged my BL to 1.1633 in the morning.. should I take it to 1.165 then? when it reaches to 1.165, my account gets close to stop out limit..
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With DXY already breaking support and looking to go lower, this might have a better chance at breaking to the top side and confirm the double bottom (on the higher timeframe). Thoughts?
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Is the pinbar a sell signal to sell now, or do we wait for a close below a certain level?
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tntsunrise TOP jaco.joubert.98
yes. pin bar is a good signal. you can enter the next bar opening, sl above the pin
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Thank you very much! I did just that. Now to hold position. Thank you for your good commentary and ideas every day!
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Price started showing moderate bearish momentum.. however its wise to wait tnt sunrise views..
The thing is if we enter now itself, the risk will be very less if the stop loss hit.. Wait for strong confirmation increases the gap in the stop loss.
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In short term , Eur is a good short point.
But I think as DXY so weak and waterfall , it's still very big chance for Eur to go up to 1.225
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DXY is making a reversal now.
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Hi ja ck i did not get opportunity to short. Is it good to enter tomorrow. Daily chart shows pinbar
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yes u can
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What's your Tp1?
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for a long term, maybe of june. EURUSD will touch 0.9xxx :), i hope we can grab some opportunity during this time period.
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I'm in from 1.159.. do you think it would be dangerous to add some more at this point?
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I would say DOWN SIDE is better SELL SELL
Reply
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