EURUSD Speculation: Sell after Third Touch Rejection at Upper TL

FX:EURUSD   Euro / U.S. Dollar
Selling EURUSD at the 1.0980-1.1010 area if it gets rejected after the third touch at the Upper TL could be a viable plan in my opinion.

The recent recovery in EURUSD seems pretty weak and a drop to 1.0650 level is not out of the picture yet.

However, if EURUSD breaks the 1.10 area strongly then this set-up will no longer be valid.
Comment: EURUSD is slowly going towards the upper TL
Trade active: Sold at 1.0977
Comment: Reversed from the Upper TL once again
Comment: Dropped more than 50 pips close to 0.5% after touching the Upper TL
Comment: The initial target has reached; more than 80+pips profit for traders who followed.

New set-up updated


I'd tend to agree (I have no experience in Forex whatsoever), regardless, I love how you keep your analysis simple yet focus on patterns that seems to matter the most. Keep posting :) !
What platform would you recommend to trade Forex ? (Feel free to answer in PM with affiliate link, I'd be glad if that supports your work)
+6 Reply
TraderAvDM vroum666
@vroum666, Thanks man. Let's see if it works ;)
TraderAvDM vroum666
@vroum666, I am using ICmarkets. So, that's what I will recommend.
+1 Reply
You are the best brother. Please keep up the good work.
+2 Reply
TraderAvDM DonaldMaila
@DonaldMaila, Thanks a lot bro
+1 Reply
Great trade ideas
+2 Reply
TraderAvDM SterlingThor
@SterlingThor, Thanks a lot
+1 Reply
Thanks for all your work.
+2 Reply
TraderAvDM ChristianLynravn
@ChristianLynravn, Thank you :)
+1 Reply
Totally agree. Keep up the good work!
+2 Reply
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