EUR/USD PAIR IS GIVING US A GREAT OPPURTUNITY FOR SOME PIPS!
Updated
Hello traders as i promised here is the article about two new advanced harmonic patterns being formed on daily time frame for a great short trade.
As i posted few hours ago the major level that everyone is watching after the EUR/USD made higher high and showed us it's bullish desire is the 1.20 level where currently a lot of shorts are placed.
But before this area we might have a good oppurtunity to snatch some pips from a high propability retracement into the support zone as i show at the chart or even deeper as we take all the stop losses from the pending longs orders and we are having also the advanced patterns formations hitting the first targets.
TECHNICAL OBSERVATIONS
1.Stochastics in overbought levels showing a possible relief rally.
2.RSI entering overbought area soon indicating a pullback.
3.We have two advanced patterns one Bearish Cypher and one Bearish Butterfly formation with pretty much the same completion area.
POSSIBLE SHORT TRADE
ENTRY PRICE AT 1.19890
BUY STOP AT 1.20740
FIRST TARGET T1 AT 1.18200
SECOND TARGET T2 AT 1.17200
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
As i posted few hours ago the major level that everyone is watching after the EUR/USD made higher high and showed us it's bullish desire is the 1.20 level where currently a lot of shorts are placed.
But before this area we might have a good oppurtunity to snatch some pips from a high propability retracement into the support zone as i show at the chart or even deeper as we take all the stop losses from the pending longs orders and we are having also the advanced patterns formations hitting the first targets.
TECHNICAL OBSERVATIONS
1.Stochastics in overbought levels showing a possible relief rally.
2.RSI entering overbought area soon indicating a pullback.
3.We have two advanced patterns one Bearish Cypher and one Bearish Butterfly formation with pretty much the same completion area.
POSSIBLE SHORT TRADE
ENTRY PRICE AT 1.19890
BUY STOP AT 1.20740
FIRST TARGET T1 AT 1.18200
SECOND TARGET T2 AT 1.17200
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Trade active
Note
Target T1 almost reached further USD weakness expected.I hope everyone who read this trade took it and hasn't miss these pips.Trade closed: target reached
Target 1 reached and we are in a no risk trade with stop loss moved manually..Keep following for more profits!
Note
Price behaved exactly as expected as you can see through the black arrows...Trade closed: target reached
Target second reached congrats to everybody...!Note
Price exactly as expected following our scenarios!
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