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ProjectSyndicate
Sep 21, 2020 8:20 AM

EURUSD H4: Accumulation/strong chart / BUY LOW TP +300(NEW) Short

Euro Fx/U.S. DollarFXCM

Description

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-TD9 counts / combo review
-Key S/R levels
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EURUSD H4: Accumulation/strong chart / BUY LOW TP +300(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SJPRT as I'm expecting a
SHORT/LONG sequence in this market.


🔸 Summary and potential trade setup
::: EURUSD 4hour/candle chart review
::: accumulation in progress
::: strong chart / bullish outlook
::: previously BULL trap near 2000
::: currently will setup BEAR trap
::: near 1695/1705
::: recommend to BUY LOW
::: recommended strategy: BUY LOW 1695/1705
::: TP BULLS is +300 pips on SWING
::: higher risk strategy: SHORT IT NOW
::: SL 40 TP is 1695/1705
::: this is higher risk / recommend to short instead
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS
::: Retail: 85 000 lots SHORT 25 000 lots LONG
::: Outlook/retail: BULLISH

Comment

BOOM! already down almost 100 pips.
Comments
velmunis
nice setup bro..And I am expecting that the price will fall below the range
Saeed966
Good job
Trading-Guru
Hey, now that the price dropped so rapidly it is already near the bottom of the blue box. Do you still think it will go up soon?

Here's what I am thinking right now on EUR/USD:
CobraVanguard
Great
my Analysis:
bobber70
Loving the thoughts
ProjectSyndicate
@bobber70, boom. it's gone. )))
PolarHusk
great setup, thank you for sharing.
ProjectSyndicate
@PolarHusk, appreciate it!
StefanBode
Great idea. I like that.
ProjectSyndicate
@StefanBode, perfect perfect
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