EurUsd - intra-week play / swing play
EurUsd does not look optimal for longing now.
When you look at it, it has raided all liquidity above 1.115 and targeting now sell stops liquidity. I would like to short it here and targeting down candle before that enormous expansion, that would be our first target.
If it will be weak (first support as our first target) only then I am targeting for a swing play 1.10200 as institutional level (probably in Q1 2020).
Remember when you will step into position first look for a reaction on LTF (low time frame) how resistance acts. If resistance is weak, you will not short and vice versa.
Let see how it will unfold.
When you look at it, it has raided all liquidity above 1.115 and targeting now sell stops liquidity. I would like to short it here and targeting down candle before that enormous expansion, that would be our first target.
If it will be weak (first support as our first target) only then I am targeting for a swing play 1.10200 as institutional level (probably in Q1 2020).
Remember when you will step into position first look for a reaction on LTF (low time frame) how resistance acts. If resistance is weak, you will not short and vice versa.
Let see how it will unfold.
Trade closed: target reached:
Precision to the pip. First objective is reached. Let's see how it will react to our support. If there will be no strength, the probability for reaching the second target is increasing.
Bulls, it's your turn now.
Bulls, it's your turn now.
Trade active:
Support - our target - does not have any evidence of strength. The probability of reaching second target is increasing.
What a ride. Even though I have stepped into this position by half size because I was calculating the price will go a little bit higher before sell-off.
What a ride. Even though I have stepped into this position by half size because I was calculating the price will go a little bit higher before sell-off.
Comment:
Who did not take this short, you can still take it in re-test.
Comment:
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
Free Telegram: t.me/ADA_Public
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I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold,..).
PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC).
go.primexbt.com/click?pid=507&am...
__________________________________________________________________________________________________________________
Free Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada
__________________________________________________________________________________________________________________
I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold,..).
PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC).
go.primexbt.com/click?pid=507&am...
__________________________________________________________________________________________________________________
Comment:
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discord.gg/3myy2DB
Please join and enjoy staying there
What is there?
- swings setups + live management of these setups
- weekly reviews
- requests charts for particular coins