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ForecastCity
Jan 13, 2021 12:55 PM

💡 Don't miss the great sell opportunity in EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.222). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.

Take Profits:
TP1= @ 1.2132
TP2= @ 1.2058
TP3= @ 1.1996
TP4= @ 1.1910
TP5= @ 1.1760

SL: Break Above R2

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Comments
Josef_anderson
Good job my friend.
ForecastCity
@Josef_anderson, Thank you for your comment.
Kamryn
RIGHT! It's a unique forecast. Cheers 👍
ForecastCity
@Kamryn, Cheers 👍
Kristalyn
It's helpful and detailed idea. I liked it
ForecastCity
@Kristalyn, Thanks for your comment.
Pro_Trader_007
Nice pattern! thanks forecast city 👏
ForecastCity
@Pro_Trader_007, You're welcome.
EnricoTrading93
Nice one. Very similar to my thoughts.
ForecastCity
@EnricoTrading93, Thank you for sharing your feedback.
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