Fxprotrader
Short

Time For EURUSD To Retrace

FX:EURUSD   Euro Fx/U.S. Dollar
After an explosive rally EURUSD             has completed a head and shoulders pattern which signals us to keep a closer eye for going short. We should wait for price to break below the neckline of the pattern and watch for a sell setup.

MACD bearish divergence adds to my decision selling this pair..
Comment: This pattern is no more valid.. I just posted a new post still waiting for reversal
horrible still in up trend
Reply
Maybe just a little premature, that's all.

This pair has been in a tight trading range since early 2015.

Lots of previous resistance levels around 1.14xx to be overcome before any significant move higher.

EURUSD Gartley
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Can you be more specific please? Is this analysis which is horrible, or that the price is still going up?
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SAID Fxprotrader
Your analysis is fine , trend is still going up thats why im worried about , cz any up trend makes my loss more and more.. :/
Reply
Oh i see..! I still believe it will reverse soon.. Where is your stoploss?
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SAID Fxprotrader
I dont use stoploss i close every position with profit
Reply
Interesting, we may have similar trading techniques since I do not use a stoploss either.

Did you ever trade using a stoploss?

I did for quite a number of years, then I carefully analysed all my previous losing trades and that changed everything.
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SAID mustard
My idea is about stoploss, its the scum of brokers make you loss money ,cz trend moves are like bounce, if this week up next week down
So the best thing is being patient and close the position when in profit
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I Love this MACD divergence. Great sell setup
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Looks great. Thanks
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