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EUR/USD: Sell the Pull-back at triple confluence zone, @ 1.23640
Euro / U.S. Dollar
Short
EUR/USD: Sell the Pull-back at triple confluence zone, @ 1.23640
By SwissPips
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Updated
Apr 18, 2018
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Apr 17, 2018
Hi guys,
Here's a nice trade I will be taking.
As you know, I am bearish on EUR/USD(please refer to my previous ideas).
The idea is simply to sell the pullback which is a triple confluence zone: 61.8% Fib retracement as well as High volume and former support zone.
Should the trade not be triggered, doesn't matter we will find another one ;)
Any like/comment is highly appreciated.
Trade with care!
Best,
Jesse
Apr 17, 2018
Comment
PB one level higher
Apr 18, 2018
Comment
Finally some action :-)
Apr 18, 2018
Comment
Patience is key....
Apr 18, 2018
Comment
The developing Poc is not holding suggesting downside to 1.23360
Apr 18, 2018
Comment
This pair has been horrible to trade over the last month I must admit!
Apr 18, 2018
Comment
* REMINDER NOT TO TRADE EUR/USD UNTIL FURTHER NOTICE LOL*
I am still bearish
Apr 18, 2018
Comment
New target at 1.23300
Apr 19, 2018
Comment
OK guys, UPDATE on this pair.
We have a nice rejection of 1.24 level. I think it's a good sign that the right shoulder is currently ongoing.
Please pay attention to the below chart. We have a parallel line which is perfectly respected between left and right leg.
Since the potential H&S pattern is ascending, it's likely to break hard if the neckline is violated (which I think will happen).
The technical target is below 1.23 but I will set 1.23 as my final target.
Best,
Jesse
Apr 19, 2018
Comment
not a parallel line but horizontal line*
Bearish Patterns
Chart Patterns
EUR
EURUSD
Forex
SELL
short
Trend Analysis
USD
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