EurUsd to correct lower?Last week EurUsd broke above 1.2 figure and accelerated its gains towards 1.22. Thursday and Friday the pair has formed a small double top and from this point on a correction could follow.
Bears can try to sell rallies with a target of 1.2050 and a deeper correction could drive EurUsd even at 1.2 important support.
A new high above 1.22 would negate this scenario and, also, keep in mind that you trade against the trend
Eurusdsell
EUR/USD SELL IDEAHey tradomaniacs,
EUR/USD has shown another strong fakeout at the MONTHLY Key-Resistance which could give us a great chance to short the peek.
Another retest of the intradays High-Volume-Note should show us whether this is a likely scenario or not.
EUR/USD: Daytrade-Preparation
Sell-Limit: 1,21175
Stop-Loss: 1,21420
Point-Of-Risk-Reduction: 1,21000
Take-Profit: 1,20720
Stop-Loss: 25 pips
Risk: 0,5% - 1%
Risk-Reward: 1,86
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Peace and good trades
Irasor
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EURUSD Gartley Harmonic Structure is in play...Hello to all,
A clear Gartley Harmonic structure has formed at EURUSD in daily period. I think,hat means the price couldn't break 1.2011 (last top) and i'll short it between 1.1967 / 1.1995 zone. Our positions has to be stop if we see any candle close above last top level. My first target is 1.1830 (fibonacci 38.2 level of C/D leg) and the second target is 1.1745 (fibonacci 61.8 level of C/D leg).
Be careful, its a swing trade analysis and this position will end in middle term.I will continue to share daytrade positions every day.
Good luck to all !!
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In the analysis I published, 1H and smaller periods are based on the scalping strategy. Periods of 4H and greater are analyzed with the swing trade strategy.
SHORT ENTRY 1.19280 TARGET 1.1800 AND 1.1750 OR LOWERHey guys yesterday we did get a correction that led us to 1.1850 the price reacted from there as there a recent strong area of support. My play today will be 6 lots that i will put stoploss at 1.1940 as that level will automatically invalidate my setup. I will use proper risk management in a sence that if that level is broken i will then look to long the dips. I will think long only if 1.1940 is broken with a strong candle and follow through not a small stop hunt. That's it thank you
EURUSD - SWING - 11. NOVE. 2020Welcome to our weekly trade setup ( EURUSD )!
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1 HOUR
Very bearish price movement.
4 HOUR
Prices turning bearish overall, good short entries!
DAILY
Sidways waving market structure, expecting another push to the downside.
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FOREX SWING
SELL EURUSD
ENTRY LEVEL @ 1.17770
SL @ 1.18760
TP @ 1.16360
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN