FxcInvesting
Short

Good risk reward trade

FX:EURUSD   Euro Fx/U.S. Dollar
We can see that support trendline from December 2015 is still active. The NFP on Friday price push to channel middle line. We are looking for retrace to strong weekly supply zone and BRN             1.1500 then we will looking for short call. The risk reward ratio is very good. Long term we looking for break monthly demand level @1.0570 and to go down to 95.000 or 93.000 level demand zone from year 2000. The RSI is still in uptrend to 70.00 zone so we will wait it. The RSI must get momentum and retrace back to normal mode 50.00 or lower.
fxfabianng22
6 months ago
Agree on that resistance zone :) been holding price since early 2015 thanks for the post
+2 Reply
FxcInvesting fxfabianng22
6 months ago
You are welcome :)
+1 Reply
99nines
6 months ago
Yea, don't do it... eu is going to 1.180 possible retrace there before 1.212
+1 Reply
FxcInvesting 99nines
6 months ago
Thanks for your view! :)
+1 Reply
NearDrowning 99nines
6 months ago
Why it should?
Reply
remi.cartier
6 months ago
Monthly up, weekly up, daily up, dont know where it will retrace downward. This would probably require extra care for trade management.
The supply zone has already been tested before and didn't move that far down. Sellers do not seem to be numerous up there. My humble opinion.
+1 Reply
FxcInvesting remi.cartier
6 months ago
Thanks for your look Remi ! :)
Reply
Zentrades PRO
6 months ago
nice chart
+2 Reply
FxcInvesting Zentrades
6 months ago
Thanks :D
Reply
blake200 FxcInvesting
6 months ago
Hi,
nice work I am also looking for short call at 1.1500 however 1.1800 i think could be possible and i'm wondering weather you have had any thoughts about that ? cheers
+1 Reply
ndumisomthethwa
6 months ago
How do you calculate the strength of currency in pars? Can anyone assist me.
+2 Reply
NearDrowning ndumisomthethwa
6 months ago
Check my idea on GBPUSD or spx500 :)
Reply
NearDrowning
6 months ago
EURUSD - Pure Best Technical Levels
Nice, agree on breakdown :)
Reply
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