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YourLazyTrader
Mar 5, 2020 6:16 AM

EURUSD to drop below 1.1060 after consolidation? 

Euro Fx/U.S. DollarFXCM

Description

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
Comments
DrXoX
faild
Moon_Boy_
@DrXoX, lol
YourLazyTrader
@DrXoX, You are right, it failed. But not as big as the FAILURE here

People who live in glass houses must not throw stones at others
nkegoaekokobe
I’ve been observing this pair, this is looking like it’s about to drop.
umairahmad5179
Thanks alot!
YourLazyTrader
@umairahmad5179, You're welcome
Blaze407
Looking at some good pips
Jtp81
Great analysis as usual!
david1928
absolutely agree!
cellochen
Dude, great analysis!
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