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Eurusdforecast

Short EURUSD at 1.057361) There was an almost "strong bearish trend"! 2) A battle has been seen between bulls and bears at base candle. 3) "Sellers" clearly won the battle! 4) There might be a economical reason behind this move. Since we are chartists, we do not necessarily need to know why this move has happened! 5) According to long term back-tests, if the price reaches the base range, it is about 65% likely to react. However, due to unpredictable market fluctuations and possible trader inaccuracies, the Win Rate of this trading system in various instruments is between 45% and 55%. Regarding the great TP to SL, this strategy is really great at money-making. 6) I will not change the SL but TP may change according to the market situations, So follow this idea. 7) Don't forget about risk management and money management principles. Best regards , Ali
Short
by AliSignals
2
290+ Pips profit secured in EUR/USD, will it rebound at 1.0350?Dear traders, in my last EUR/USD idea, I published a signal to sell EURUSD@1.0760 (previous idea pasted below for your reference). If you followed my signal then you have already made 290+ pips profit, which is a huge win. Currently, price action suggests that EUR/USD can continue to drop. I would recommend traders to wait and watch the price action if EUR/USD drops to 1.0350. If bullish price action takes place at the support level, traders can buy EURUSD@1.0350 with SL below 1.03 and TP at 1.07
by KaltoireCapital
13
Short Position on EURUSD-4HHello Traders ! This is a Technical view on EURUSD. We're looking to taking a Short Position on EU in the next few hours. For the following reasons: After the Rally we had seen last Month of May 2022, The Market found a Historical Resistance at 1.0780 and rejected to the down side, creating an equal support at 1.0650 and bounced back to the upside a little bit and Created a bearish Head & Shoulders Pattern. Next thing is that the market is in a bearish environment at 4h, which may give us the possibility to look for short to go and test the Strong MS at 1.0520. TRADE CAUTIOUSLY..
Short
by aymanjemghili