anilmangal
Short

EURO sell setup

FX:EURUSD   Euro Fx/U.S. Dollar
2124 24 69
I am looking to sell after the break out and will move to BE if it goes to trend line , i am keeping the trade for the long run.If it retrace and go up i'll take the BE trade.
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I bet the flag will break to the up side, where we will be able to catch another SELL opportunity around 1.115, which I said elsewhere several days ago. Let's see.
Reply
anilmangal TOP OccultTrader
Hi Occult trader, Thanks for your input . I am not interested in the up side because we are in a C wave corrective move . I also don't pick tops in a correction (not good at doing that) so I wait for the chart to prove it's going down by first making an impulse down then correct that with a flag, wedge, triangle, etc. then I take the break out of that correction for the next impulse down. Check how I do it on the GBPCHF chart i posted .
GBPCHF bear flag
.I am still in this pair with one trade ,closed a couple already .
+6 Reply
AndrewHook OccultTrader
I am coming Occult trader to the dark side of the force. When everyone think about going south market will go north to make more money with shorter. Let's see
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anilmangal TOP AndrewHook
For the safety of your account ,I hope you didn't go north!
+5 Reply
AndrewHook anilmangal
No, but a better entry point .
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anilmangal TOP AndrewHook
Let's see if we bounce off the 240 up trend ,then yes a buy would be good .
+4 Reply
Had the same idea...some good charting going on here.
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anilmangal TOP IvanLabrie
Thanks Ivan :)
+3 Reply
anilmangal TOP anilmangal
Let see if it break the 240 up trend ,if it does then we are in a next impulsive leg , so will add to the sell!
+4 Reply
Your charts are so accurate, this is amazing.
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spot on Anil
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Thanks Spanesar :)
+3 Reply
OccultTrader.... Time to change Occults. If this guy ever gives you the chance to find out how he does this, take it.
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its a sure sell
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anilmangal EURUSD target down?
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sell for sure
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SOrry mate..what's BE
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Lindsay PRO anthony.pham00
Break Even
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bullish again? towards 1.11 or more?
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locolyric shayalmathew
i draw a fibo and the candlestick hold on 61.8, we will see a bullish or bearish around that support again.
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If we take a good look at the hourly chart we can see a 61.8% fibo retracement (wich indicates C) measured from the 1.10500 to the low on 1.0800. Indications are that the downside target (1.05100) still intact wich also matches up with the long term bearish movement to the south! My indicators and fundamental analysis point to a nice big walk to the downside. (long term target 0.98520 area). we can also see lower highs from the retracement top (1.09470) and the next lower low still to be made. a minor sign of channeling down on the intaday. Good luck to al traders!
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Appreciate being able to look back and see how these set-ups have worked out.
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it had a pull back, but it went in the direction you mentioned
+1 Reply
next correction down?
+1 Reply
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