nahidik

EURO/USD at important junction

FX:EURUSD   Euro Fx/U.S. Dollar
484 0 8
This pair is showing the possibility of a weekly flat which price has just hit the lower entry point. If price bounces off the 4 hour trend line look for one more bounce up. There will be good potential for a 1 hour shorting opportunity 1.16 - 1.18 mark. That should be its last upward thrust for a while.
I am watching carefully for a break of the trend line with a consolidation and then further downward movement pressuring the lows of last spring and possibly lower.
If this is indeed a weekly flat to the downside look for further weakening of the Euro             to the .90 area.
Comment: We have tagged the TL now lets see what price action will give us. A break below and consolidation and this will be a very good short for the mid and long term.
Comment: Here is how you should have traded this move.You also have the ability to add to your trade after every small pull back but I usually don't add much to trades unless they give me a lot of strong signals.

Note. If you entered this trade and just forgot about it you have weathered a few storms and are still n it at an even greater profit.

snapshot

Related Ideas

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out