Pyramidal
Short

EURUSD Daily

FX:EURUSD   Euro / U.S. Dollar
EURO             USD is in a downward trend, beneath the EMA 50.

Using the Fib tool marked out levels to try and get back in and follow the downward trend.

My entry (1.0710) just below the lows of the previous days candle if the price bounces off the 23.6% levels (1.0796).

Target will be just before the price hits the 38.2% level and the support levels 10 days prior, for an approx 60 pip gain (1.0650).

Will look to move the Stop down to the 1.0650 and lock in the profits as the price could break through the 38.2% level and move further down to the 50% level at 1.0512. If not and it bounces off the 38.2% level, I would have locked in my profits at 1.0650.

Hey that's my thinking anyway, so I'll find out soon. If the price goes through the 23.6% level I will most likely cancel the pending order.
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