If EURUSD reaches the 1.1700, then short it with a 5:1 reward ratio.
Be aware: Monday morning some important announcements related to the US and EU are going to happen. Listen to those first, and take a position based on that, too.
Let me know if you have any ideas to share with me, too. Thanks!
Trade closed: target reached
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Since it's crossing the resistance, close the position with a positive profit of 2%
Goody, i'm in based on the now broken falling 4 week MA, target will be the 52 week rising MA, could converge around 1.13 or thereabouts in about 6 to 8 weeks time. I would like to see the 13 week MA also start falling next week, excellent risk reward this one with major resistance at 1.1919
ForexTurtle
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Excellent. I am trading this HnS short... so ur setup goes with my thinking too. Thanks for showing the flag pattern, i had missed it.
albertofuser
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@ForexTurtle, I'm glad I helped you to recognize it :) Remember at the announcements (activity index) on Monday morning, too!! Cheers, Alberto