Short

Updated

EURUSD may become a false break out

Price rally and make new high after bad NFP data.
However it break down 1.1260 support and cant' maintain above.

Therefore we can short the pull back and SL above the previous high,
this is to trade a Buyer Failure (2nd attempt but can't make HH)

Potential Target is given.

Trade with your plan.
Good Luck!

Note

Price hit into the zone.
Do not Enter first.
Check for Price action

Note

Price action showing good.
We can short

Note

The uptrend line is broken

Note

Going to Hit TP1 soon.
u can take half profit and Make SL break even if you want

Note

Guys, I really don't care I am right or wrong. Trading is never confirmed, no one can be 100% sure he is going to lose or win . that is the beauty of trading. you won't know the results, but patterns are here to increase your risk/reward ratio and increase your winning ratio. Trading is a business rather than a guessing game, so train your eyes, set up your plans and trade them. Guessing the direction without a trading plan will never help you make single cent. for those who "think" euro may have another high, let me ask you: did you long eurusd or not? if yes, are you buying high or buying low?

Note

TP1 HIT

Note

After Hit TP1, price rally. it is very good for us to take some profit before the rally happen.
now please look at the 0.618 level,
maybe another short

Note

for FOMC meeting. 1.1240-1.1250 is the key

Note

Price action very bullish now. observe first.

Note

Hit 1.618 ext
Guys check the price action at 1.1291

Note

Nice Pin, 2nd test of 1.1290
Short

Note

For those who short from 1.1290, a good 100 pips
profit

Note

NOW IS 1.1175, BREAK DOWN THE TREND LINE
hold your short

Note

watch the pull back to short again

Note

now is 1.1130
the pull back short is so nice

Note

sell the breakout of the channel

Trade closed manually

Latest Update
1. the channel was not broken, therefore no sell orders.
2. the previous 1.1290 selling order hit break even sl and then euro breaks 1.13
3. 1.13 was broken and this means EUR may test 1.1366, so if there is a pull back to 1.13 level, a buying opportunity is going to happen.

tntsunrise

More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音：聚贤说成长

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

tntsunrise

More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音：聚贤说成长

Also on: