My eyes are on this opportunity. In and out before NFP.
EURUSD October 24 outlook Let's analyze what will happen on EURUSD, especially on this week. As we can see this pair still in down trend, maybe buy is not a good option trade. If you wanna buy in this pair, use a stoploss and open at right support level. There is two major forex pattern in EURUSD, channel down pattern and descending triangle pattern. At channel...
Short position : 1.1111 Stoploss : 1.1207 (96 pips) Takeprofit : 1.0860 (251 pips) R/r ratio = 1 : 2.61
Short opportunity. Pair has reached a level of supply Entry: .11978 Stop: 1.12199 Target : 1.11406
Hope you had a great day trading the recent EURUSD news release this morning. Here was my setup (I got out way too early).
Short-Term Bearish - Potential - Move based on S/R level. Want learning Forex with a professional mentor? Benefit from a live class, every single day? www.imlfx.club
Will the EUR strength continue? I'm not sure if it does, it might be need some positive catalyst to push it above 1.1600 handle. Event Risk Thursday, May 12, 2016 04:00 EUR Industrial Production (MoM) (Mar) 0.1% -0.8% 07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0% 07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2% 07:30 USD Initial...
We have had our Double top form which is in a good area of ressistance. from here im expecting a move down we are right at the top of the RSI on the Daily. Now there is alot of structure around the 382 level so I will be watching to see how it moves if we get to this area and then if we break this there is a possible move to previous lows. I am in a short...
If you take a look at sell-off, it seems as if price found support at a previous resistance zone that has broken out. Shortly after this, price broke through the zone signifying that the support zone is not holding up. Price is currently testing the zone once again on a bullish 30~ pips open. This is a very high reward to risk short entry. Your stop can be placed...