IvanLabrie
Long

EURUSD: Monthly uptrend buy

FX:EURUSD   Euro Fx/U.S. Dollar
Many people will turn bearish here, I'm incredibly scared of taking this trade myself, so I'll try to short today's 50% retracement to enter risk free. I still want to try this.

The setup is to buy the retracement, as low as it gets, while above the mode.
There's also a range expansion bar in both weekly and monthly timeframes that gives us a chance of buying below the 50% retracement from open to high (use the true range 'open') to take profits at the retest of the high of said bars.

In this case, this is extremely dangerous considering the daily chart , but worth a small 0.1-0.2% shot.
See the comments for the daily short setup and more information about the downtrend target and the rgmov readings.
Good luck!
Ivan.
IvanLabrie PRO IvanLabrie
I'll attemp to capture the lowest possible entry in case the range expansion and monthly uptrend signal work.
This should give me a great risk vs reward ratio, considering the scale of the projected move.
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snapshot


Daily uptrend, expires by Sept. 18.

Will monitor, no entry was possible yet, not with my schedule at least.
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Hi Mate, did you take the NFP into account as well?
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IvanLabrie PRO ErikXuanYan
Sure. NFP might send price towards that entry.
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Central policy is not changed yet, ECB is still doing QE so no chance this will go up 1.3. Long term im bearish in eur, short term sideways
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trading on the critical levels
repeating myself )
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I hope it works in your favor, if it does, it will be worth holding onto for quite some time. All the BEST mate :)
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IvanLabrie PRO moneymaking
It'll be risk free if the short works.
Placed a limit sell at 1.115505. SL 1.12229.
No tp for now.
+1 Reply
moneymaking IvanLabrie
Sounds good :)
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