Potential short @ 1.0990 Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Mar 8, 2016 6:26 PM

I see potential for a short if price breaks the 1.0990 There are a few requirements that need to be met before I would consider this trade.

The current candle needs to close as indecision, it looks like indecision now, but it has yet to close.
The new daily candle should not push higher than 1.1055 .

Comments

MetaLiz

⋅ Mar 10, 2016 5:17 PM

Trade closed for profit at the 1:2 target

chrispooh

⋅ Feb 5, 2018 5:50 AM

Hi, can you help me how do you create these blue areas on the support-resistance lines?

MetaLiz

⋅ Feb 5, 2018 6:52 AM

@chrispooh, parallel channel tool

chrispooh

⋅ Feb 5, 2018 9:01 AM

@forex4noobs, thank you very much :) Your videos are really great. I like the simplicity of price action trading.

MetaLiz

⋅ Feb 5, 2018 9:02 AM

@chrispooh, no problem, glad you find my videos useful!

Spookynash

⋅ Mar 10, 2016 3:29 PM

Target was hit today at 1pm for a 148pip profit. :)
Shortly after though due to the ECB news release, price quickly reversed and would have hit my stop had I not stuck to my 2:1 target ratio.

mjadid

⋅ Mar 9, 2016 12:02 PM

I am in this trade also, good luck for all.

Spookynash

⋅ Mar 9, 2016 2:32 PM

Cool!

Spookynash

⋅ Mar 9, 2016 8:02 AM

Thanks Nick, yeah I got in :) I set a Sell Stop and went to bed! It triggered around 1am'ish.

Entry: 1.0988
Stop: 1.1063
Exit: 1.0839

Good luck.

cap21

⋅ Mar 9, 2016 6:49 AM

Great work