"Trade what you see not what you think" Bearish Sentiment Validated confluences
1.Daily resistance in control
2.Support broken Resistance valid (Opposing zone breached) (Strong Indication)
3.Profit margin 1:5+ (could hold if there any sign of reversal
4.No major support until 1.62400 (retest) touched multiple time bound to breach
5.Bollinger band no were near Resistance zone which shows a greater probability of reversal
Zone
EURUSD breakout setup A break of the resistance zone would complete a buy stop opportunity.
The rising trend line has been retested multiple times and has proved to act like support.
The buystop order has been placed above the resistance zone @1.1932, targets @1.2042 and the stoploss beneath the rising trend line @1.1849.
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EUR USD is in Sell Zone [i]Hello, guys again.
This is my technical analysis and I think the EURUSD pair is in SELL ZONE .
So main target these days is resistance level 1.179
If trend will not break this res, the pair will come back and HIT again 1.170
Check my other ideas too.
At 17 August 2017, I published 6 Trading ideas and from this 6 / 5 was profitable and well done.
Thank you and good luck my all followers ;)
Potential SHORT position on EUR/GBPReasoning:
1) Waiting for the pair to move a little higher till it retests the still fresh supply zone
2) Wait for a bearish signal and enter the short side
3) TP target of around 200 pips (set at confluence between past support pivot + 78.6 Fib level + fresh demand zone)
4) Bearish RSI Divergence which is why I think the pair will be moving downwards really soon
NzdUsd Short - Resistance Zone, Kangaroo Tail, Fib LevelsNzdUsd is in a monthly resistance of zones and fibonacci levels. Similarly, on the daily timeframe NzdUsd has printed a Kangaroo Tail, indicating a strong resistance in the zone sutuated. Personally, I have entered a short trade, however, a Crossover of the Moving Averages would provide a good indication of further bearish movements.
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