tntsunrise
Short

EURUSD 1.0612 is the key.

FX:EURUSD   Euro Fx/U.S. Dollar
13230 42 200
2 months ago
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
2 months ago
Comment:
snapshot
2 months ago
Comment:
snapshot

win 60 pips
2 months ago
Comment:
snapshot
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Calamity
2 months ago
Thanks Jack, I already shorted this one. Would you set your stoploss to breakeven if you have 30 pips already?
Reply
FXLoungeIN PRO
2 months ago
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.
snapshot
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AhmedElGazzar FXLoungeIN
2 months ago
@FXLoungeIN, agree
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FXLoungeIN PRO FXLoungeIN
2 months ago
@FXLoungeIN, The key area is breakout. I think EU is long above 1.0645 (300 EMA) till 1.0760 / 1.0845
snapshot
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Calamity
2 months ago
Jack, what do you think 1.0671, it looks going higher .....
+1 Reply
pmcllc PRO
2 months ago
Thanks Jack
Reply
monzeraljarkas
2 months ago
snapshot

Thank you Jack, still waiting for the break out.
Reply
jeanne_labelle
2 months ago
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
2 months ago
@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..
Reply
tntsunrise TOP jeanne_labelle
2 months ago
@jeanne_labelle, it's ok. don't overthink too much. use stop loss to protect yourself
+1 Reply
Zink jeanne_labelle
2 months ago
@jeanne_labelle, there is a saying in wallstreet that "when all say sell is time to buy"
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abdulmosawer jeanne_labelle
2 months ago
@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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ZainSaeed
2 months ago
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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fluo1964
2 months ago
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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tntsunrise TOP fluo1964
2 months ago
@fluo1964, :)
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watsonzou26
2 months ago
As always, many thanks for sharing and your trading tutorial,which is very educational.
Reply
matt23
2 months ago
Jack, did you TP and re enter short?
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Tucson2016
2 months ago
It was a good short for short time. I would recomend to close all shorts now. It is going up.
+1 Reply
allan18
2 months ago
Today EU will not go up. It will short until tomorrow...
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margaux
2 months ago
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
Reply
waynebrueggemann
2 months ago
I totally agree with you Jack. Thank you for sharing!
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Calamity
2 months ago
Jack 100 pips nice
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fluo1964
2 months ago
My 4th trade of +100 pip, thank you!
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luisd
2 months ago
good! good trade
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LeonardoModi
2 months ago
Hi!
Do you recommend to re-enter here? I think it can be a good idea...
+2 Reply
valentin2710
2 months ago
Thanks Jack, it was good vacation! Good trade! And now again the same idea?!
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smart_teast
2 months ago
Masta jack..

Eurusd still short?
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pmcllc PRO
2 months ago
this could be a good timing to short...
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val_trader
2 months ago
This has been hardly broken !
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princeroro34 PRO
2 months ago
hello jack are you still in this trade ? i'm looking for a sell right now can confirm ?
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Calamity
2 months ago
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
2 months ago
EURUSD near completion of WW
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kmk.msp kmk.msp
2 months ago
Price rejection after the completion of WW .
Reply
happyluckydog
2 months ago
thanks a lot.
Reply
Telson
2 months ago
Totally agree with you, you can also check this out:

EURUSD Box Break-out Performmance, Long-Term Price Speculation
Reply
kiwising
2 months ago
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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KernelPanik23 PRO kiwising
2 months ago
@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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dizzybeez
2 months ago
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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smart_teast
2 months ago
Masta.. Still valid?
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Walentine
2 months ago
stop hit again..
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Trader_Dale PRO
2 months ago
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
Reply
val_trader
2 months ago
Hi jack, pleas might you give us an update ? This structure has been broken ?
Reply
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