EURUSD to drop below 1.1060 after consolidation?

FX:EURUSD   Euro / U.S. Dollar
EURUSD appears to have reversed from the channel TOP and I already have sold multiple lots at 1.1181(see the previous idea attached below for long term analysis and entries)
However, the current price action indicates that EURUSD may drop even lower after some consolidation.
So, it gives traders the opportunity to think about executing sell trades around the 1.1140-1.1180 area with Sl above 1.1230 and TP at 1.1060, 1.1010
Comment: Instant 20pip drop from 1.1140 :D
Comment: This setup went horribly wrong even though our SLs are at 1.1278


No SHS la cabeza no sobrepasó con convicción al hombro porque aún están en esa intriga esas especulaciónes, la venta no dejó agotar en esa formación a la compra, se metío antes hizo lateral como una bandera para continuar.
When it comes to “reading the charts” and thinking that certain patterns will definitely happen again - TA - the wild card of FA comes slamming into the equation and basically Ef’s up those “guaranteed patterns” ... too many variables in the long run....
Those who copied both this trade and the previous trade are still in profits considering stop losses given. Still good work ProCFDtrader
+1 Reply
ProCFDTrader TraderM2C
@TraderM2C, Haa haa but people won't remember that or the massive profits from Jan and Feb as well
Shut up man!
Now what happened to those multiple lots of shorts...
ProCFDTrader haseebgill89
@haseebgill89, I am glad too that you wiped your account. Maybe try a cent account next time :)
Today is non-farm payroll, and the people that sold the market, and was hoping, wishing, and praying, will probably get their accounts blown out because of the "blood bath" that Non Farm Payroll will create....and their whole weekend is going to be ruined. While most people sold the market for the last 2 days, I bought and made over $75,000 in, I just want to see who get's wiped out because I'm just going to relax and go into the weekend feeling really good...haha
ProCFDTrader masterforextrader
@masterforextrader, You made over 75k in profits. Good. I always trust a guy with a flashy car in his profile pic :) Also the fact that you say thing like ruining the weekend over a trade means you are probably on of those who trade 10lots on a 1g account. Good luck lol
masterforextrader ProCFDTrader
@ProCFDTrader, your assumptions are wronger than your trade account. Go to youtube and type in "Wealthy Forex Trader" and you'll see how we run the show baby with a Real Live account and real cash. We put our money where our mouth is !!!
Wow, very simple
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