MMBTtrader

EURUSD started to fall ready for more correction ?

Short
FX:EURUSD   Euro / U.S. Dollar
AS we can see market after this huge rise that had start to show some weakness usually when we miss to open short position on this kind of situation we can set Fibonacci retracement level and start opening our short positions near 0.61 or 0.5 % of Fibonacci and the reason we are looking for these levels not 0.38 % is strength of bullish market that we had .
so tight stop loss and great amount for take profit should consider and ...

for now we can see that maybe second wave of correction is starting and why beacuse we can see that price reach 0.61 and it seems that it is falling .


if and if price mange to break 0.61% and pump a little more then some strong resistance mentioned on chart with red lines :

Notice :market is yet strongly bullish so maybe all resistance break and continue to rise .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
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Trade closed: target reached: first target reached as mentioned on chart

1.2000 touched (+70 pips)
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Comments

I have the same view on EURUSD
amazing!
+2 Reply
Amazing work!
+2 Reply
Good call mate
Thanks for sharing
+2 Reply
good work
+2 Reply
Excellent setup, thanks for the heads-up. 🙌
+2 Reply
i appreciate it
+2 Reply
Nice chart mate🔥
+2 Reply
very good content here!!!
+1 Reply
I agree with you. I am bearish on EURUSD and I don't change my mind on that. The people are speaking only for USA and its problems and the totally forgot that EUROPE is not doing better during the actual situation. Well done!
+1 Reply
minburi KlejdiCuni
@KlejdiCuni, it´s just the other way, people are speaking only about problems in Europe and that for al long long time before Corona and more so since Corona. But the real situation in Europe is much better then the media tell us. The people in europe
are saving money more than in the us and when the pandemic is over they will spend all this money.
+1 Reply
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