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EURUSD Test of strong supply zone, psycho level, shorts in playHello, we are currently testing the so-called the "line in the sand" for both buyers and sellers. Defending the current levels will allow sellers to retest at least 1.1500 / 1450. The breakout through 1,20 ( based on daily close ) opens : 1.2160 / 2250 and 1.2500. As long as under 1.20, and everyone sells the dollar, the counter move can be a kind of solution, especially since there are technically grounds for it ... Short 1.1970/2010 Stop above 1.2050 Purpose 1.1500 / 1450 Good luck
Short
by ForexClub_pl
1
The Holy Grail of Entry systemsThrough my research whilst studying Scott Carneys Harmonics methods I devised the 50% retracement system. This system allows me to enter higher time frame patterns with considerably smaller stops. Entering at the 50% retracement with a stop at the 25% allows me to create a risk free position by closing 50% at 2R (100%). I carry out this system on the 1m time frame but due to TV rules on publication can only show it on the 15m time frame. The 127% level on the chart shows the entry for the 4H Buttefly pattern. Mt first entry became risk free and hit several targets before being stopped out. This can occur several times before the eventual move happens. Due to the risk free element, and the potential of such a large risk to reward, this is not an issue.
Short
by Cryptsyxalt