EURUSD Consolidation Breakout Watch

FX:EURUSD   Euro / U.S. Dollar
745 12 26
I don't trade EURUSD             very much because it seems like an overly emotional pair but this seems like a very promising set up for a short here if we get a solid break of the trend support.

R:R of position shown 3.37
Trade active: Entered with Sell Stop as shown.
Comment: Profit Secured. SL moved down to in profit at 1.12835
Comment: Reentering with sell stop entry at 1.12458 SL 1.12788, TP 1.11336
Just wondering, did you take the trade when a new candle opened underneath the trend support line? If not how would you enter the trade.
QuileHills Thinkfund
I used a sell stop in order to enter. My thinking is that the entry is low enough below the support to confirm a true bearish breakout and rule out a quick move just barely out of the channel and back in and upward.
Thinkfund QuileHills
how do you decalre that the market is low enough below the trend line for the entry. My thinking is that if the candle closed then some momentum would be generated to go lower.
Good signal, well done
Nice, thank you for sharing. The colors are Gann tool?
QuileHills sketchmaster
sketchmaster QuileHills
Thank you. You´re doing great job.
QuileHills sketchmaster
Thanks! I appreciate the support.
sketchmaster sketchmaster
Oh, or is it a trand-based FIBs... (?)
Hi. I'm a newbie. Please excuse my silly questions. May I know what is your TP? And, the entered price position please...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out