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First level for an intraday short trade (+ target and stop loss)
Pull back against 1.1650 is now confirmed.
EURUSD moving in the Bear Trade Zone
Now looking for SHORT intraday and swing trades
See chart for main supports and resistances
a/ You may buy as described in the graph, or
b/ buy 50% as proposed in the graph (2nd shoulder) and 50% if prices go to double bottom @1.1707 (same stop loss and same tagets)
--> Buy signal @ 1.1738
--> stop loss @1.1703
--> target#1 @1.1753 / target#2 @1.1783
EURUSD in the Bull Trend Zone so far and as long as prices main above 1.1750
--> Long position without signal should be stopped under 1.1750 in order to wait for a signal to enter long as long as 1.1650 supports prices.
19H00 CET --> to late to open a position at this time. Looks like daily candle will end above 1.1820...
NOTHING NEW AFTER TODAY!
EURUSD STAYS IN THE BULL TREND ZONE (NEUTRAL BELOW 1.750)
INTRADAY STRATEGY WILL PROBABLY REMAIN UNCHANGED FOR TOMORROW.
See you tomorrow!
1.1820 broken. First alert (intraday)
Now must wait for intraday signal to buy with a closer stop loss.
1.1820 still support... Strong rebond to come if a lot of bears sold it!
Bull trend is still in place so far so the best probability remains to buy every retracement to follow the flow.
Always calculate the cost of the stop to properly size your trade (cost should not exceed 5/6% of your account)
Feel free to ask if you need more details about my trading tools and ideas.
This graph and comments can be updated during the european ...