View On EUR/USD (20 Jan 2021)
We had a strong swing up, upon reaching the support region of 1.208~1.216 & it may drift toward 1.222 region.
So, if you are looking for a short, it may be better for you to wait it out from the higher resistant level.
and once 1.205 level gets broken again, we can see the valid break down at that time.
Let's see.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
We had a strong swing up, upon reaching the support region of 1.208~1.216 & it may drift toward 1.222 region.
So, if you are looking for a short, it may be better for you to wait it out from the higher resistant level.
and once 1.205 level gets broken again, we can see the valid break down at that time.
Let's see.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Update on EUR/USD (4 Feb 2021)
Our expected take profit (TP) level of 1.2 is hit.
Our expected take profit (TP) level of 1.2 is hit.
Trade closed: target reached
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Heed our previous warning on EurUsd?
We are seeing more bearish pressure coming in and it is about to break lower.
Now as long as $1.22 region is not taken out, we can see more and more bearish scenario.