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MarcsPal
Aug 1, 2019 11:04 AM

EURUSD | Wait for Correction then SELL Short

Euro Fx/U.S. DollarFXCM

Description

Wait for correction to the weekly central Pivot of next week, then Sell between the 21/34 EMA and below the weekly M3 of next week .

Conservative target is M1 of future weekly Pivot and agressive target is at S2 future weekly Pivot .

Shorting Euro is generally a good idea these days because you also get money (Swap) from most brokers for holding the position over night.

Comment

Perfect Correction happened as predicted. Look for decent price action and enter Short trade
Comments
Bullandbeartrading
Very nice support and res levels as well as the channel.
MarcsPal
@Bullandbeartrading, Yeah the channel looks gorgeous right, just a normal regression with 2x deviation
UnknownUnicorn4203295
a good predict
MarcsPal
@ErfanFalah, Thanks, I like your structural analysis
UnknownUnicorn4203295
@MarcsPal, welcome
UnknownUnicorn4203295
@MarcsPal, thanks mate
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