Eurusd install downtrend again

FX:EURUSD   Euro Fx/U.S. Dollar
hey traders, recent NSH             was rejected by priceaction which formed a NSL. When priceaction does violate the last impulse's initial point - this is a sign of reversal. So I expect further impulse movement to the downside. My take profits here are at 1.272 XA extention because we are likely to see the second impulse after the sign of reversal which is considered to be the first. When priceaction retests A-point, I close half of my position leaving only half at risk.let's see how it works))
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Best regards, Alexander Nikitin.
Fulltime professional trader and programmer.
a year ago
Should work fine. I expect a selloff first, before we can go long again.
This rally on no news is suspicious, and is barely crossing above the most frequent pirce since the lowest low in the weekly (1.1186).
It'll most likely dip down to 1.095-1.1025 again.
Alexander_Nikitin TOP IvanLabrie
a year ago
I expect priceaction will either go above X or it will go below A. Shortly, I just expect some movement))
RalfDiana Alexander_Nikitin
a year ago
If I was following You earlier I could have been in profit in this trade instead yesterday morning I did just the opposite I bought at 1.1277
I have a lot to learn from this kind of trading. Hoping eventually will go up again as fundamentally I believe things are getting better in the Euro zone of course i can be very wrong. So when You plan your trades do You follow also the news or it is pure technical? thanks Nikitin
+1 Reply
Alexander_Nikitin TOP RalfDiana
a year ago
I only pay attention to news in order to know when the price is going to move, so I could stay near my computer. My trading decisions never inluenced by news. Price already includes everything.
a year ago
Yes Sir!
EUR/USD: Possible smaller bat within a larger bat.
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