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!

Ok, setting up buys here, you can wait to enter tomorrow during NFP.
I'll place a limit sell after today's close, using the 50% retracement of today's true range 'open' to low for entry, stop at said open and tp at the low.
This will make the trade risk free.

Also placing a short order where my long stop loss sits, at 1.0851.
I hope it works in your favor, if it does, it will be worth holding onto for quite some time. All the BEST mate :)
+1 Reply
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 :)
trading on the critical levels
repeating myself )
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
Hi Mate, did you take the NFP into account as well?
IvanLabrie PRO ErikXuanYan
Sure. NFP might send price towards that entry.

Daily uptrend, expires by Sept. 18.

Will monitor, no entry was possible yet, not with my schedule at least.
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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