this is my current analysis on eurusd. as you can see price came to the 61.8% fib line and failed to break it. price has also been making higher highs and lower lows. the massive gap still needs to close from the french presidential elections. good shorts coming this week.
on the daily chart price remains in a down trend. we have a fakey setup with a bearish pin bar on the 4h chart where there is a downtrend. look to place a sell stop at 112.727 with SL at 113.280 and TP1 t 112.000 and TP2 at 111.623. ALWAYS REMEMBER RISK MANAGEMENT.
If price breaks through the level of 1220.000 we can go for a long entry with a TP at the closest support of 1260.000
if price does not break through we can look for a short entry with a TP1 at 1187.00
Hi traders. here is a nice short setup using ichimoku cloud. my price is below the cloud. my conversion line is below my base line with price either testing my trend line or my base line.
happy pipping everyone
HI traders. my trading style is not very complicated and is simply easy to understand. this is a setup of the slingshot pro strategy. my entry order will be 2 pips above the 50% retracement level and price will continue to go up. price is currently in a correction stage. happy pipping everyone(: