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mohsenfx
Sep 30, 2020 12:00 AM

EURUSD : 120 pips short with Great Risk/Reward Ratio. Short

Euro Fx/U.S. DollarFXCM

Description

as you can see price reached a strong resistance area , this is a great example of "supports become resistances".
we have to wait for reversal confirmation in H1 or 15M chart and then enter short position with proper entry point.
our targets are : 1.16200 and 1.15200 , our stop should be around 1.17800 .
Please like and Let me know if you have any questions, comments or observations, thank you.
Comments
BodiesXWix
I came up with a very similar idea by using weekly fibs and the CoT report.
mohsenfx
@Tedzily, I used Fibo levels for this analysis too , I believe we are right! please visit my other ideas too , thank you.
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