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ProjectSyndicate
Nov 24, 2020 8:58 PM

EURUSD H16: SHORT IT from range highs. TP +200(SL/TP)(NEW) Short

Euro Fx/U.S. DollarFXCM

Description

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EURUSD H16: SHORT IT from range highs. TP +200(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more losses
short-term.


🔸 Summary and potential trade setup
::: EURUSD 16hour/candle chart review
::: still remains locked in range
::: not expecting a breakout yet
::: fresh liquidity untapped at 2000
::: at least one final throwback into
::: range remains in this market
::: lower risk setup is SHORT from HIGHS
::: BEARS will take over soon
::: just short it now near 2000
::: TP BEARS TP1 1900 TP2 1800 +200 pips
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 1800
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1800 fresh demand zone
::: 2000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS
Comments
Mrcabil
Do you still like EU for a sell? It's approaching price.
mrshammie
Any updates? The major expected dump seems to be holding out.
VladimirRibakov
Well done!
CollegeofPips
Nice analysis @ProjectSyndicate
VasilyTrader
Solid view, buddy!
What do you think about my analysis?
sudipsen96
@VasilyPonomarev, its good
TheTradersAvenue
good analysis , thank you for sharing!!
Engineeraircraft
what you think about US30
OfficialSmcsimplified
@AliqaisGMTF, it needs a big drop for correction before continuation bullish. I would patiently wait
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