Eurusdsell
EUR/USD SHORT SIGNAL #RISKYHey tradomaniacs,
welcome to another trade-setup!
Took an EUR/USD Short-trade with a higher risk involved! Only follow if youi accept the risk!
EUR/USD: Daytrade-Execution
Market-Sell-Order: 1.21960
Stop-Loss: 1.22100
Point of Risk-Reduction: 1.21840
Take-Profit: 71.21390
Stop-Loss: 15 pips
Risk: 0,5% -1%
Risk-Reward: 3,95
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Peace and good trades
Irasor
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EURUSD Chart View For MayAs of 3rd week of this month buyers are aggressively driving price higher and higher. The market sentiment is now so bulish so many retailers will also go for a long, me myself i went for a long position and closed it in profit.
When you view the weekly chart a hanging man candlestick pattern was foremed so in addition of the market hitting an important trendline, my bias is targetting the 61.8% retracement of the longed move. Market also came down to the 31.8% retracement level and went for another retest of the broken trendline and formed a double top so with all this i think the bias for this month is to the downside.
EurUsd can drop to 1.16 in medium termAfter the recent rise from 1.17 to 1.22, bulls lost control and the single currency is trading under 1.21 again.
In my opinion, a new leg down is about to happen and rallies above 1.21 should be sold
A daily close above the recent high would negate this scenario and swing traders can have 1.16 as a target
EURUSD, 4hr tf, wave-iii to the downside
As you can see price already broken below the ascending trendline for EURUSD. Right now price retracing at 61.8 fibonacci level.
This could be a good entry point for sell positions. As wave-2 tends to end around 61.8-78.6
We will sell EURUSD here to ride the movement of wave-iii.
Sell EURUSD 1.2085
Stop loss 1.2160 (75 pips)
Take profit 1.1825 (260 pips)
RR ratio 1 : 3.4
Use only 1-2% risk
Good luck
U.S Bond Yield's & Trading EUR/USD, USD/JPY & USD/CHFIn this video, I break down how the U.S Dollar has been strengthening against the EUR. JPY & CHF since the start of 2021 as U.S Bond Yields have been rising due to inflation expectations.
This is extremely important to understand when trading currency markets.
I breakdown this historical relationship using excel spreadsheet examples and live chart analysis.
Enjoy