Here we have yet ANOTHER setup for EURUSD shorts, this setup needs to be followed EXACTLY in order to not enter a losing position on this trade.
We need this current strong candle and current low to find a bottom then retrace up to my sell zone (two red horizontals). From the sell zone, look for sniping opportunities on lower time frames to enter sells toward the take profits given (horizontal greens).
WE MAY NOT REACH THE SELL ZONE. In this case, look for a false break of the black trend line. I will also take sells from there.
IF WE KEEP FALLING, and get NO RETRACE, then we may have missed our trade. I will only sell based on a solid bullish pullback given there is an opportunity on a 1hour, 30min, or 15min chart.
HAPPY TRADING!
We need this current strong candle and current low to find a bottom then retrace up to my sell zone (two red horizontals). From the sell zone, look for sniping opportunities on lower time frames to enter sells toward the take profits given (horizontal greens).
WE MAY NOT REACH THE SELL ZONE. In this case, look for a false break of the black trend line. I will also take sells from there.
IF WE KEEP FALLING, and get NO RETRACE, then we may have missed our trade. I will only sell based on a solid bullish pullback given there is an opportunity on a 1hour, 30min, or 15min chart.
HAPPY TRADING!
Comment:
Remember, we are SHORT UNTIL THE TOP BREAKS. If it breaks, BUY THE BREAKOUT
Comment:
We are most likely ranging out for the time being... anyone that is up from sells may consider taking profits right now. However, long term we are still short
Order cancelled:
Like I said on August 16, we are ranging for the time being and thus I will no longer be using these entires. The ranging pattern can be traded and can be shorted, but not with this setup.
-the end
-the end