EUR/USD (The last bullish attempt has failed)
Updated View On EUR/USD (6 Apr 2019)
Back Ground: Euro launched the last rebound attempt in the late March as the price swing up back to 1.14 but it had failed. Now we are back at the support level of 1.15 to 1.12 region.
There "might" be some bullish attempt in the near future BUT it is a better bet for you to wait at the resistant level for SHORT trades.
So, if you have any long position, do not add the positions aggressively (or) watch your long position closely as it has more chance to go down than to go up.
Target(s): DOWN 1.115(TP1) 1.108 (TP2) 1.10 (TP3)
SHTF: As long as the price could not break above 1.147 level, the shorts are safe.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Back Ground: Euro launched the last rebound attempt in the late March as the price swing up back to 1.14 but it had failed. Now we are back at the support level of 1.15 to 1.12 region.
There "might" be some bullish attempt in the near future BUT it is a better bet for you to wait at the resistant level for SHORT trades.
So, if you have any long position, do not add the positions aggressively (or) watch your long position closely as it has more chance to go down than to go up.
Target(s): DOWN 1.115(TP1) 1.108 (TP2) 1.10 (TP3)
SHTF: As long as the price could not break above 1.147 level, the shorts are safe.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Updated View On Eur/USD (14 Apr 2019)
Did you read on any forecast on 9 Apr? Expected swing level of 1.13 is hit.
If you want to take a short position, try to wait it out as the trend is now on the BULL side.
Did you read on any forecast on 9 Apr? Expected swing level of 1.13 is hit.
If you want to take a short position, try to wait it out as the trend is now on the BULL side.
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1.13 is a good level of swing (TP for your long)
If you wanna short, wait first.
Let's see.