Took this trade earlier based on the 4 hour, and the lovely engulfing candle which you can see was my trigger candle.
Was in the middle of publishing when i had to rush off to do something.
Price hasn't really moved to far from my entry point, so i just thought i would bring it to your attention.
The price will goes with our direction
This trade may take more than one week because i use high time frame
Note: this is not investment advise, This is for educational purpose only, this is just my opinion, i do this analysis in demo account, you can't make money or loss money through my opinion.
You can contact me via email: firstname.lastname@example.org
Little possibility for EURUSD
The pullback away from current structure doesn't look real strong to me and there isn't really a stand out candle to me that says there are many buyers at this level
So i am expecting the market to move lower.
I am looking to short FX:EURUSD to 1.10045 for a total of 60 Pips.
I would like to see resistance at 1.10590 area for confirmation of move downward
This trade is for educational purposes only & not a recommendation to take a trade based on this chart
The DAX futures gave a great opportunity short overnight off the Shoulder or lower high with price pushing down through previous lows. The pressure is on now and there will be a few buyers from the previous run up that may be feeling the pinch and will be the fuel for a strong move lower.
Although the USD/JPY ratio is increasing last couple days. RSI is not supporting this increase. It seems that RSI is weakining day by day. This might take the ratio down a little bit. Target would be around 107,2 a new rally may start after this reaction.
welcome to another free signal!
How to trade: 1. Wait for the break below the horizontal support and wait for a retest.
2. If we reject and the horizontal support and see an S&R-Flip - SELL.
3. Latest point to reduce your risk is as soon s you have warned your risk.