tntsunrise
Short

EURUSD 1.0612 is the key.

FX:EURUSD   Euro Fx/U.S. Dollar
13249 42 200
EURUSD             1.0612 is the key.

We can see the price action when price hit into this zone.

What is that?

Rejection!

Conlusion: we can short EURUSD             as long as it didnt break
above this structure.

Fisrt Target is 1.0400
2ND Target is 1.00
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win 60 pips
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Thanks Jack, I already shorted this one. Would you set your stoploss to breakeven if you have 30 pips already?
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Main trend is down i agree with you but i think 1.0612 is not a good level for being short. 1.0750 / 1.08 is more suitable for getting a short position.
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AhmedElGazzar FXLoungeIN
@FXLoungeIN, agree
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FXLoungeIN PRO FXLoungeIN
@FXLoungeIN, The key area is breakout. I think EU is long above 1.0645 (300 EMA) till 1.0760 / 1.0845
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Jack, what do you think 1.0671, it looks going higher .....
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Thanks Jack
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Thank you Jack, still waiting for the break out.
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Hi Jack,
I hope you 're right.
I m short in EURUSD...
But i think that i have done a mistake.
Why ?...
Because consensus is for parity between EUR and USD
And when the consensus declares that prices goes to one direction, price often goes to the other way.
Trading is psychlogy !
So I am afraid that price of eurusd is flying now to 1.08 or 1.10
Hope that heavens of Chartism are with us
Bye
+1 Reply
MartinMoss jeanne_labelle
@jeanne_labelle, I think it will go up. Wieslaw from Consilium Invest https://consiliuminvest.com/ideas?idea=3684-eurusd-m15 in short interval (M15) says it will go up..
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tntsunrise TOP jeanne_labelle
@jeanne_labelle, it's ok. don't overthink too much. use stop loss to protect yourself
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Zink jeanne_labelle
@jeanne_labelle, there is a saying in wallstreet that "when all say sell is time to buy"
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abdulmosawer jeanne_labelle
@jeanne_labelle,
yes i am with you brother i think that the price will move up to the 1.0850 to 1.0900
in the coming week
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Thanks for the chart sir this is really amazing setup 1.0612 to 1.0670 is key zone resistance which might pull it back to its keens till 0.982 for your charts are really amazing thank you sir
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Shorted at 1.058, for past 3 trades according to your advise, so far it is 100% correct for target 1, amazing.
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@fluo1964, :)
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As always, many thanks for sharing and your trading tutorial,which is very educational.
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Jack, did you TP and re enter short?
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It was a good short for short time. I would recomend to close all shorts now. It is going up.
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Today EU will not go up. It will short until tomorrow...
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HI Jack, Happy New Year! Wishing you and everyone here every success in trading in 2017! Thank you for this trading call on the EURUSD
Can one still short EURUSD again if it hits around 1.0612? Or is this trade over? Best, Margaux
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I totally agree with you Jack. Thank you for sharing!
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Jack 100 pips nice
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My 4th trade of +100 pip, thank you!
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good! good trade
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Hi!
Do you recommend to re-enter here? I think it can be a good idea...
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Thanks Jack, it was good vacation! Good trade! And now again the same idea?!
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Masta jack..

Eurusd still short?
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this could be a good timing to short...
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This has been hardly broken !
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hello jack are you still in this trade ? i'm looking for a sell right now can confirm ?
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Jack, it seems supported by the 618 level from the bottom, then now rejected by a 618 level from previous structure again, should we short?
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kmk.msp kmk.msp
Price rejection after the completion of WW .
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thanks a lot.
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Totally agree with you, you can also check this out:

EURUSD Box Break-out Performmance, Long-Term Price Speculation
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I was in this sell and up 100 pips. Trade missed the suggested 1st TP, reversed, and stopped me out at a loss.
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@kiwising, Why didn't you setup a SL on BE or little more after you got 100 pips? Better you learn the basics of trading.
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im still hopeful for a bullish usd but trend seems to point to breakdown of the dxy.. i hope you are right jack
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Masta.. Still valid?
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stop hit again..
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Based mostly on Market Profile and Price Action (daily charts) the strongest levels for short swings are 1.0710 and 1.0765. Heavy volumes were traded between those levels (accumulation) followed by strong rejection of higher prices resulting into renewed sell-off. I think that the sellers will be active there again.
Only thing to watch out for is ECB meeting on Thursday. Basically anything can happen there and I won't be trading during this event.
You can see my analysis here:
EUR/USD swing based on Market Profile and Price Action
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Hi jack, pleas might you give us an update ? This structure has been broken ?
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