Eurusd is forming an uptrend pattern technically talking, you can wait for a downtrend brekout to feel more secure about your trade position. make sure you confirm the news are in your favor before taking this trade and i'm responsible for nobody's loss, just here to share the knowledges that made me a profitable traders since the last couple months.
Pair : EURUSD
Vision : Sell
Entry Point : 1.1800/1.1850
Fibonacci 61.8 Area
We Can Target 1.1700/1.1500
Sl Can Be On 1.19500
Use Money Management
Risk 2.5% - 5%
Risk Reward 1 : 3
Hello to all watching my charts,
Back here in the forex market i am check the EURUSD
and we do have a nice situation here, 20.10.2019
In my shorttime system ( turkis green) we are SHORT now
BUT the pairs has climbed just back in the LONG midtime
So maybe that has been soomethin of a fake brakeout short,
We have to wait whether it stays in...
As our last gold analysis was canceled but price moved accordingly and is still within great R:R, we have decided to re-engage this metal
Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E) , we should see price slump down further
The bear scenario is currently...
Reasons for short:
1. Price met strong resistance at upper downward trend line and also broke the upward trend line.
2. MACD shows market is in downside.
3. Tonight's data from the US is likely to be in favor of DXY
Thus, Short at around 1.13950. Take profit at around 1.13250
In the short term chart (60 min) I see something very bullish developing. But that doesn't change the fact that risk is more appealing if bets are to the downside. If I'm wrong on this short I may look to go long.