This post for educational only.
As my previous post must wait to entry position on this pair.
Now EURUSD broke the line..
Now you can entry buy now. Because have retest on lower time frame.
How to avoid false breakout?
Place STOPLOSS below the wick.
If there is price reversal. You can change sell setup, watch the bearish candle confirmation.
Find the lower...
1.12 resistance level, we expect a retest around that level before this pair goes further down ! we can wait until further confirmation as French flash GDP , German gfk and import price report ahead tomorrow earlier in the morning GMT.
NOTE: Do not get emotionally attached to any of your trades. keep consistency , small percentage of profits every day, month or...
Good morning traders,
I trust you are all enjoying your time off, whilst I have some time I decided to do another eur/$ chart, as most of you already know my incredible bearish outlook on the pair still stands;
The bearish break looks similar to that found in August 2015 suggesting a move toward the trend lows at 1.052xx
The ECB appears to be on hold for now...
the stage is set....
do not be fooled into thinking otherwise, eu is getting smoked
brexit, italian loans, immigration dirving a wege in unity
negative rates stimulus
not a single reason going for the euro
gl and see you bears at the beach club