Trade Analysis Based on Fundamentals and Price Action.
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Entry --> 121.35
Stop Loss ---> 120.55
Take Profit--> 123.95
Risk/Reward --> 3.25
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.7
This pair has been in a long term correction. Now, as it hit the 61.8% fibonacci retracement level and considered as the end of wave E, we might see a bearish run for this week. Looking to enter short after a lower high confirmation.
Entry --> 1.1243
Stop Loss ---> 1.1217
Take Profit--> 1.1315
Risk/Reward --> 2.8
Please Comment, Like, & Follow!
This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.
Looking at the Euro’s value in US dollars (EURUSD) to find the general trend and potential entries and exits.
We can see historically, due to the momentum of the trend, that using a trend indicator like our Directional Bias Indicator has led to having a rather successful long./ short bias.
Above the yellow line, the bar color is green, and the bias is long....
I believe the pullback is near the end. The bearish trend pullback to Fib 61.8%, which is also a resistance level now. 4H TF forms a 3-pin pattern reversal formation. DXY 4H TF shows a morning star formation. If we can get a EURUSD Daily TF reversal signal today, it would be great.
However, any trade is risk, let's see what happens.
A continuation pattern is setting up for the Euro Currency (EURUSD) as we head into the start of the week. The bias remains to the buy side with the Daily Pivot Range well below our current level. Mixed in with the DPR is the 3 Day and 6 Day Rolling Pivot Ranges which is a good Pivot Stack support level.
The Daily Pivot Moving Averages are turned upward and steep...
This is a quick trade. I anticipate it should hit soon. Profit target not far away, but since I feel it's a high probability setup, I suggest jumping in anyway. I'm a set and forget trader, but in this market, I'll do a confirmation entry. The only downside to confirmation is that you may miss out on the opportunity. My personal strategy, if price trades from the...
