EURUSD shows weakness so in daily we see choch in euro dollar to the downside and now price test its recent high in h1 . i explained in video the complete trade setup
Well I got this wrong. Originally I made a mistake when placing my order and bought instead of sell. Would have been fine if I didn't liquidate that position right after placement. Hindsight is 20/20. I placed this off the 30 minute chart but I guess its not as accurate as on the 15m chart? 15m chart shows a larger divergence so I think I will just stick to 15 min...
Looking to see if price is going to fail its next attempt to push higher, if we do see a rejection and right shoulder ill be taking shorts. Remember we have fundamentals at the end of the week that can change things very quick so make sure you have stops set and if price gets to wild its probably best to just stay out!
With a simple downtrend continuation pattern identified on the 1 H time frame after connecting the series of lower highs; I am looking forward to taking advantage of a potential bearish momentum going into the New York session. Let's see what happens as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including...
EURUSD is pulling back.... and potentially setting up an opportunity. I am looking for high probability shorts to take in this bearish market. If we catch it right, it could mean 100+ pips. Let's go!
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Just thought I should mention this when it comes to entry.. always remember risk appropriate amounts for your size account.
The EUR/USD reached last week the 50er Fibo Retracement in the area of 1.1160. As the EUR/USD couldn´t close above there was a nice short opportunity with a risk of around 20 Pips. If you missed the short - there will be a second chance again! You could short the pulllback to 1.11 with a stop of around 30 Pips. The first target could be in the area of 1.10...