These are the Fibonacci extensions I am watching for EURUSD today :
Current intraday trend likely UP
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (1.2256)
TP could be @ Fibo level 0 (1.2211)
Again these are just EXAMPLES ; these are the simpliest way to...
Hello everyone I expect EUR to go lower cause there is downtrend and I think price 1.16 would be really nice to END it. I expect that it will hit 1 more time 1.16500 but I am definetly looking for short at this one
Let me know what do you think about this idea :)
EURUSD is at good level, I will short after breaking the trend line.
Risk Management Alert:
The meaning of second target (Always take 60% profit of your first target and keep your 40% running to second target, in this case if any reversal happens your safe and secured,
to make this better, move your stop loss to STOP PROFIT which is above your entry level of...
EURUSD SHORT TRADE SETUP FOR 150-PIPS
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
FX:EURUSD . Watching this pair for a pull back up into previous area of support then watch price action at that level looking for a short trade.
Entry’s for a short will be between 1.09300
Stops around 1.09750
Targets at 1.08000
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So what I can see on the 4H timeframe of the EURUSD is a POSSIBLE head and shoulders pattern, a reversal pattern if you have not seen it before. If price breaks the neckline, I would wait for a retracement back to the neckline for a potential short trade.
EURUSD Market Update ( Swing Positions )
EURUSD Traded on a major support on the first trading day of the week. We said yesterday to wait for a breakout of 1.11$ before looking for bullish price action. EURUSD as pushed higher in the past hour breaking our bullish trigger. The next step is looking out for short corrections to 1.109$ and rejections of the area.
EUR/USD extended its decline and retested the 1.0980 support area at Friday. The intraday bias remains neutral first and some recovery could be seen.
A major bearish trend line is forming with resistance near 1.1045 on the 4-hours chart. Besides, the pair settled below 1.1040, the 100-day and the 50-day SMAs on the chart. So, we're expecting the sellers to return...
EURUSD is in good sell position with short stoploss. After strong impuls and not able to overwrite new high it have been made second local top. This means that behind it will be stoploss and i waiting for touching MA100
1.13478 top level was reached after a sharp bull trend. Prices settled on a resistance zone and were subjected to a bear pressure. After a strong reversal signal on June 12th, the odds of a bear trend became higher.
Possible targets : @1.12000 (+75pips) and @1.11200 (+150 pips).
Advice : Stay bearish and sell at any high point while we don't break the...