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EURUSD SHORTEURUSD Sell Idea Entry; 1.06900 SL; 1.07100 (20PIPS) TP; 1.05568(About 135Pips) My trade Idea is very simple. Looking at the Dxy, my bias tells me its bullish.. price has been buying on the DXY, now price went for a little retracement on the DXY.. this enable me looked for a retracement on the EURUS too and i looked for a Sell / Short entry. The reason why i set my Tp at about 135 is because i expect price to buy up to a particular resistance zone on the dxy.. if price buys up to that zone, EURUSD would keep falling and i'd hit my TP. Kindly use proper risk management if you find this setup okay by you. #SmokingPips
by Smoking_Pips
AUD/USD looking for a 70+ pip pullback...AUD/USD has really been playing ball in terms of basic technical analysis. WE hav e been following a strong bullish sentiment all the way up to 0.7500. This level we're at is a major Fibonacci extension target and there are many confluences now suggesting a pullback for at least 70 pips. We are now looking for a potential drop into 0.7420 over the next few trading days. If we do get a small drop on this pair it is likely to be a strong sharp movement given the manipulation levels visible on the higher timeframes. Like always do your own research and I hope everyone has had a great week in the markets.
Short
by FTUKcom
GBP/AUD falling with strong downside momentum...The last time we broke down GBP/AUD was when it was trending north on the daily. Since then we have taken a huge plummet driving the trends down and prices back below 1.8000. 1.7500 looks like a comfortable 100+ pip landing spot with more potential for heavy downside movements. As of right now there is very little upside opportunity and we would advise traders not to try and pick a bottom. We will provide an update over the coming weeks to see how this pair plays out.
Short
by FTUKcom