DLavrov
Short

Entry Level for EUR

FX:EURUSD   Euro / U.S. Dollar
140 0 9
If we look at the daily chart for EURUSD             , we'll see range market conditions. In such case it's better to search entry levels near Bollinger Bands and place profit targets near the middle of such channel or the opposite line. Now we don't have perfect levels from higher time frame but still. We have a strong bearish candle and rising ADX . Will it be the perfect signal for a short trade? I don't think so. But on 4H chart we have a down trend and it's the beggining. Why not to try open the short trade in the beggining on the new trend? We have a bearish candle which closes below Moving Average 50, MACD falls and confirms our short trade. DMI indicator does not confirm possible down movement but at the same time we don't have confirmation for up movement. ADX is below 20 but starts rising. The entry level is 1.10650, a stop order should be placed above 1.11900 and take profit near support level 1.09500.
From 5000$ to 15000$ in 65 days of BTCUSD trading. An interview with my collaborator Oleg at Tradunity! Read it here: https://goo.gl/5FQU3X

Try Free Bitcoin Trading Simulator: http://bit.ly/bitcoinflip

Free Forex Signals: https://www.fxluxus.com
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out