EURUSD Short opportunity!
Updated
Hello!
I would like to practise also in the Forex setups! Just trying to make some technical analysis and let's see how those plays out!
Definitely, this trade is just a rush into the Forex markets and no fundamentals and no news behind that
Short criteria:
* We have a breakout from continuation pattern "Rising Wedge"
* And like the textbook says - sell the breakouts after the retest - so, we have a retest at the moment
* On the retest are we could see a round number 1.16000 which works as a resistance
* There is also small Fibonacci retracement 62% & 70.5 level, which works as a resistance
* Trend is Your friend
Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You very much!
I would like to practise also in the Forex setups! Just trying to make some technical analysis and let's see how those plays out!
Definitely, this trade is just a rush into the Forex markets and no fundamentals and no news behind that
Short criteria:
* We have a breakout from continuation pattern "Rising Wedge"
* And like the textbook says - sell the breakouts after the retest - so, we have a retest at the moment
* On the retest are we could see a round number 1.16000 which works as a resistance
* There is also small Fibonacci retracement 62% & 70.5 level, which works as a resistance
* Trend is Your friend
Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You very much!
Note
We got a nice bounce from the mentioned level and after the 1h candle close we got a "Shooting Star" candlestick pattern, which also indicates bearishness!So, now we have 6 confirmations because we can add a "Shooting Stars" candlestick pattern also to the list!
Note
Here You can see a bearish candlestick war! Today we have three bearish patterns - "Evening Star", "Engulfing" and "Shooting Star"At the moment price retest the round number area which is 1.16000 and if we get a bounce downwards then it would be a nice confirmation!
Trade closed: target reached
30pips and TP 1. reached!That was nice!
SL to the entry point and TP 2 here we come! :)
Trade closed: target reached
TP 2 DONE 50 pips!!Nice entry to the Forex ;)
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