Imran.Osman
Short

EURUSD - Shorting out for a while

FX:EURUSD   Euro / U.S. Dollar
Good day Ladies and Gents             ,

EURUSD             is starting to get a bit clearer now.

  • Monthly TF shows that candles will continue the previous downtrend since May 2014. This is from the failed bullish engulfing bar of April 2015 and the forming of a bearish engulfing bar for July 2015. Therefore overall trend bias will be downwards.
  • Looking at the D1 TF, a possible bullish crab is forming to confirm the residual downtrend of EURUSD             before it makes a retracement.

Conservative traders can open a sell position once the candle closes below 1.0860. The conservative TP would be at 1.0555 and those who are slightly more adventurous at heart, can set their TP between 1.0500 to 1.0000.

Personally, I don't think Euro             will let it be 1:1 with USD. Will see how this plays out next week.

Happy trading
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out