Danielelias-17
Short

EURUSD DOWNTREND TECHNICAL ANALYSIS 8 - 12 OCTOBER 2018

OANDA:EURUSD   Euro / U.S. Dollar
DOWNTREND
PREVIOUS SWING HIGH - 1.18154
PREVIOUS SWING LOW - 1.14634
BROKEN STRUCTURE - 1.16220
PREDICTION: 1.14634- 1.13675
NEXT SUPPORT - 1.14119
LOOK FOR SHORT ENTRY REASONS ON SHORTER TIME FRAME FROM 1.15221 - 1.16220
ONLY PLACE TRADE IF RISK TO REWARD IS <1
STOP LOSS: . 618 RETRACEMENT
TAKE PROFIT 1: .236 RETRACEMENT
TAKE PROFIT 2: 1.14634
TAKE PROFIT 3: 1.14119
KEEP IN MIND THAT THE RSI AND MACD IS DIVERGING BULLISH
PLACE STOP LOSS TO BREAK EVEN WHEN PRICE HIT'S FIRST TARGET
LOOK OUT FOR ECONOMICAL EVENT'S
THIS IS JUST MY ANALYSIS IT COULD BE RIGHT OR WRONG.
PLEASE LEAVE POSITIVE FEEDBACK, CRITICISM, YOUR THOUGHT'S AND YOUR IDEAS
lIKE IF YOU FOUND THIS USEFUL AND FOLLOW ME FOR MORE IDEAS- I WOULD REALLY APPRECIATE IT
GOOD LUCK, TRADERS
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