AFRICAN_FOREX_TRADER

EURUSD INSTITITUTIONAL ANALYSIS (PRO)

Long
OANDA:EURUSD   Euro / U.S. Dollar
The market is currently bearish and we expect to see more bearish pressure on market open come Monday 20th September.
Basing some of this analysis on EURUSD futures contracts, we expect to see slight pullbacks to 1.1800 and later possibly to 1.1940 region before we can see any further continuation to the downside.

TIPS:
//FOR DAY TRADERS//
---WAIT TO SEE WEEKLY LOW FORM BY TUESDAY MARKET CLOSE, ENTER AT AN OPTIMAL "LOW" PRICE AND ENTER LONGS WITH YOUR FIRST TARGET AS 1.1800 AND SECOND ONE AT 1.1900
---------CHECK ON WEEKLY NEWS TO ENSURE YOU'RE NOT CAUGHT ON THE "WRONG SIDE OF THE MARKET" AS YOUR GURUS SAY.
----ONLY ENTER TRADES WITH CONFLUENCE.

//FOR SWING AND POSITION "WHALE TRADERS"
----USE DXY CONFLUENCE.
---------DXY LOOKING BEARISH THEREFORE WE EXPECT TO SEE A FURTHER RISE IN EURUSD AND THIS WILL BE A HALLMARK ENTRY RIGHT AT THE CURRENT PRICE. TARGETS OF A RISK REWARD OF 1:3
GOOD ENOUGH TO TAKE YOUR ENTRIES ON A LOWER TIME FRAME I.E., 4 HOUR FOR OPTIMAL RESULT AS WELL AS A CONFLUENCE CONFIRMATION BEFORE YOU HOP IN.

//KEY NOTE: STAYING CASH IS A POSITION TOO, QUALITY TRADES OVER QUANTITY TRADES//

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HAVE A LOVELY WEEKEND AHEAD AND ALL THE BEST IN YOUR TRADES MATES.

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