Hi dear traders!
As you see, the main trend in EURUSD is bearish. For completing the trend, it needs a correction to 0.5% of 30 min trend. As we see good news, we can take profit from long position.
But Be careful of main bearish trend!
Targets are shown in chart! Be healthy and wealthy!
Hello Traders,
Hope you all are doing good!!
I expect EURUSD to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
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Today has been a down day. Selling.
You don't swim against the waves of the ocean just like you wouldn't trade against the trend. (It Is Your Friend)
The algorithm engages certain moves at the end of each trading session on assets. They want to leave with the bag too.
A short play looks very promising before this pair consolidates into the MZ.
If the candle is...
Hello All, This ^^ is my Technical breakdown of Eurusd on the 3m Chart
I detail the Final 4 Trading Sessions of the Week and how I earned
+7.33R.
During this time period we had 2 USD Red Folder News Releases.
I review our last release of the week, USD CPI and How I used it
to get the price I wanted and earn +2R (2 Times my Risk)
If you have read this Far , I...
Expecting EURUSD to find support near the strong psychological level of 1.20, which has been tested multiple times recently on the 1 hour chart, and retrace to 1.2050-1.2060. This retracement within this correction is in line with overall trend from the daily frame as price is still in an expanding bullish wedge on the daily chart.
After a swing low at the end of the week last week, EURUSD is poised to go higher in this call I believe. Draw fib from the low of London Close to the High of the Asian session and you should get an entry at the 62% level, hopefully it get's a bit deeper to the 70.5% level . 1.17820 TO 1.17775 for a good daily move of around 40-60 pips.
Currently, I am still holding EURUSD short. Click the chart below to understand my trading plan at the time
Nothing much I could do right now other than wait until my specified exit indicator tells me its time to close my entire position. Now, lets say I don't have any EURUSD position right now, here's probably the plan I would make.
Technical Analysis...
This a quick in and out trade, don't take the risk if you can't be bother for the small RR. Alternatively watch at the resistance and open on the break up if it happen or short it on the way back down ( my plan).
Trade Safe!!
Eur/usd short trade
Daily momentum down
Previous support resistance level rejection
50MA Rejection on 4H chart
200MA Rejection on 1H chart
Pin bar + closing below low gives us a momentum flow
