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Renforex
Jun 22, 2017 12:48 PM

Sell upon break - EUR USD  Short

FX_IDC:EURUSD120
EURO / U.S. DOLLARICE

Description

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I have a buy position open right now, but mainly waiting for the sell signal.

Breaking the red line is a clear sign that we will continue moving down the current bearish channel.

Comment

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30 minute zoom in - TFW x marks the spot

Comment

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Second red line is more accurate. Once it breaks it's good for selling.

Comment

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It's time. Waiting for closer to 1h close. Lets go to bottom of the channel again.
EURUSDEURUSDGBPUSDEURGBPUSDJPYAUDUSDGBPEU
Comments
mrsufgi
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so you seeing it dropping from now on?
ploskyx3
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Wrong
Renforex
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@ploskyx3, Which part is wrong? Please feel free to expand on your criticism :)
ploskyx3
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@Renforex, goes up
Renforex
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@ploskyx3, The price goes up and down. That's the nature of the game my friend... This trade is still completely valid though... The price is still within the channel, and a convincing break of the current short term up trend is my signal to sell.
Sumikko
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@ploskyx3, goes up as part of the pullback.
elbartoli
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Like your clean analysis, I'm still on demo account but have been short since 11165, with a target of 11146. Curious to know what target you would consider for this trade and why? Thanks
Renforex
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@elbartoli, Glad to hear it. I would say 1.1125 is a fair target :)
elbartoli
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@Renforex, Awesome, thanks for the quick reply.
Renforex
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@elbartoli, No problem friend :)
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