EURUSD 1H TRADE This is a multiple time frame trade.
its actually a follow up with my previous daily analysis
1H we see the candle hit into the structure with a tail facing up.
Sell EURUSD NOW SL 1.0965 Aim 1.0850 / 1.07 and more
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I zoom in to 1 min chart and found this
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this is telling me a potential turning point is forming
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Guys I wana share a very good Logic to you , only here only one time. if you can see it, please write it down
A daily pivot comes from 4h, a 4h pivot comes from 1h, a 1h pivot comes from 30 mins and so on. thus, in any starting point of a new trend, ideally you can always find the pivot of the previous trend in a 1 min chart. The more time frame you examine, the better entry point you can find. the smaller the risk is. This is a clue of how you get the best Risk/Reward Ratio
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U SEE. just after I publish my view. eurusd comes down from the 1 min Bearish AB=CD and Gartley Pattern. My entry is 1.0943 and My SL is only at 1.0953 Imagine if I hold this short till 1.0700 (if the trading plan works well) That is 10 pips risk but for 243 pips win What is the Risk / Reward Ratio? 1 to 24.3 Let's say you risk 100 usd, u earn 2430 usd
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I hope you get what I mean. I won't teach another time coz this is really very very advanced.
Hello Jack, this is an very interesting view. What is your opinion on the majority of the institutional advisors, who recommend going Long from here, up to 1.11?
Dankofx
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@mitulomi, I fully share your opinion, here we go until 1.11, with the French selections and Macron winner, Trump can not approve its tax reform, that will give more force to the euro
tntsunrise
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@mitulomi, advisors don't get paid for giving you advice, but get paid form your trading activity which is created by them,
mitulomi
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@tntsunrise, :D That´s very true! I like your analysis, IMO they are well done and very solid.
BhaktaBasics
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It is worth remembering that there is a lot more noise on the lower timeframes. So perhaps only 1 in 20 patterns work out on the 1m timeframe but 1 in 5 would on the 4h timeframe.
cem.altindal12
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Hey Jack,
I have been watching your trading move for a long time now. Since I am unfortunately not able to afford your lessons, I am trying to learn as much as possible from you on social media.
*My question is:* Why do you think it is a good idea to trade the EURUSD? And specifically short? After the french election in 2 days, the market is going the make big movements and being that Macron is ahead of the game, the probability that he wins is very high. A election of Macron should mean a bullish movement since he his the one to support the EU and globalisation; and as you know, we traders love globalisation ;D
Thanks Jack, I hope to hear you opinion.
FUNTRADER-Vera
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not always work this way.
Dyrk
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Any updates here?
aryahi29
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great forecast !!!!
AlperCanbaz
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in the day time , you will see abcd
it will down from 1.98