XavierAlexander
Short

EURUSD 1D - LONG TERM SHORT POTENTIAL - HISTORY REPEATS ITSELF?

FX:EURUSD   Euro / U.S. Dollar
It has been a long time since I've contributed to the community publicly, though I utilise the platform near so everyday since the creation of my account!

So I thought I'd post something for the public archive =) a quick bit of insight!

So its July 2017 and EURUSD has climaxed to a position in which it so briefly reached pretty much the same time in 2016 before toppling for the rest of the year.

Fibonacci sits on the significant levels of price structure prior to the gap which has not yet been filled from April.
- Price has found resistance at 2.168 level which has also been a key resistance level in price since 2015

Clones show potential momentum and distance of price movement, whilst the the trend lines add to the current resistance and highlight potential future key areas.

There is more technical confluence which I will not list; as you learn more from observing and study a chart visually.

Good potential short on a long term basis in my opinion! However I didn't expect EURUSD to be so bullish this year so who knows =)

Trade smart!
Trade active:

Consider short based off Fibonacci rejection
So long looks great! I do believe this will work out nicely.At least until 1.0700 :D
+1 Reply
  Holding short EU too, different analysis same vision.. best of luck my bro
Reply
@Lay-Z, Looking neat and sweet my brother :)
+1 Reply
YigitAytug XavierAlexander
@XavierAlexander, hello sir, what do you thing about the latest move on EURUSD, do you think it broke the 2.168 support? I am still holding all my short positions..

Thanks in advance.
Reply
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