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EURUSD has broken upwards of weekly downwards channel. I expect a retracement before looking at potential buys.
Indicators:
1. Daily and Weekly RSI is sell zone.
2. Price currently at strong weekly resistance area (Look left).
Entry at current price of 1.1608 or 1.1650
Safer entry: Wait for bearish daily candlestick close under resistance area of 1.1600
TP 1@ 1.1500
TP 2@ 1.1450
SL 1.1690 range
(short stop loss implemented as this pair is very volatile at the moment)
Good luck trading!
Charles V
CVFX Management
http://www.cvfxmanagement.com
@cvfxwealth
Trading made simple
Indicators:
1. Daily and Weekly RSI is sell zone.
2. Price currently at strong weekly resistance area (Look left).
Entry at current price of 1.1608 or 1.1650
Safer entry: Wait for bearish daily candlestick close under resistance area of 1.1600
TP 1@ 1.1500
TP 2@ 1.1450
SL 1.1690 range
(short stop loss implemented as this pair is very volatile at the moment)
Good luck trading!
Charles V
CVFX Management
http://www.cvfxmanagement.com
@cvfxwealth
Trading made simple
Comment:
Trade invalid, no confirmation of bearish daily candlestick.
Comments
Thank you for this insight. I have felt strongly that it would drop at some point between now and Noon Tomorrow between 1.1470 and 1.1500. Heavily invested in my intuition so I am glad to know I am not alone.
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