For demonstration and educational purposes only. Price testing a key zone. This is a watch for now. Watch for rejection and re-testing of key zone over the next couple of weeks. This could offer a possible 3.500 pip opportunity. Trade at your own risk.
FIRST TIME REVISITING ALL TIME HIGHES
SELL SET UP
ENTRY 1 7.7820
ENTRY 2 7.8630
TAKE PROFIT 1 7.7320
TAKE PROFIT 2 7.2320
TAKE PROFIT 3 6.320
BUY SET UP
ORDER TYPE BUY STOP
ENTRY 1 7.8920
ENTRY 2 7.9830
TAKE PROFIT 1 8.0320
TAKE PROFIT 2 8.4320
TAKE PROFIT 3 8.8220
We enjoyed selling yesterday, and price eventually closed at last month's high, with a re-test to last month's high. Could this be a re-test for a continuation up? Remember overall we are still in a buy trend and can enjoy short opportunities; however until price breaches trendline it may not be wise to open short positions. Trade with caution and do not get...
EURTRY has seen a very long and very nice up trend. Not long ago we saw some break down in that up trend. As I see it, price action looks to give a 'failure to continue trend' signal as it attempted a short up trend here recently. Red line was the optimal entry, I doubt we will see that level again but we may and in my opinion its still not too late to find a...
Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated. Sample Alphas are on other side for organised ideas.
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 6.5500
• Take Profit Level: 6.0000 (500 pips)
-EURTRY short term RSI (H4 chart) is in oversold zone
-The price is at support level
-Long on short term and close near 6.37
-The best place to entry short position is near 6.37
-The short position is good for short and long term too.
-In long term the price can go completely to February low near 5.9