Eurusdshortsetup
EURUSD short - EQUIY.Dear traders,
So as you can see we expect EURUSD to go short. We think it will go short because the markt is now moving to a strong daily supply zone. If we reach that zone, banks will fill there orders to go short to then go long the rest of the week.
It will be much clear on the 4h chart, you can see the 4h structure is been broken and now moving to the strong supply zone.
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POTENTIAL BEARISH CONTINUATION TRADE ON EURUSDHi traders,
The EURUSD seems to be in wave (b) of Y of a potential double zigzag pattern.
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Price is currently retesting a key resistance that lined up with 61.8 FIb ratio, moving averages, and ascending trendline.
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Considering that prices have made a double top pattern and bearish rejection candles at the confluence level, the odds strongly favored a sell-off to the channel support @ 1.11037 area.
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We will wait for the breakout of the double top neckline to confirm the sell setup.
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Best of luck on the chart.
Veejahbee.
EURUSD Short Setup (not yet...)You can see that EURUSD respects this daily down trend. I know this trend already tested a few times but I still think there's more to go.
This is how i have planned my 1:2 risk to reward trade:
First of all; EURUSD just crossed the middle of the trend. We can expect a pullback to the middle support line. If i go short from here, my risk to reward will be 1:1. We can see that stochastic is almost oversold and pointing up. I don't like drawdowns so I'll pass 1:1 trade and wait for the price to hit the resistance. I'm planning to go short once we hit the resistance of this descending trend.
Entry: 1.13510
SL: 1.1450 - 100 pips
TP: 1.11460 - 205 pips
This time I don't have any other profit levels. Only one. Also I'm not planning to trail my stoploss until the price hit to the middle line. I will then move my stoploss a few pips over the most recent swing high and no it's not break-even. As this is a descending trend, levels may change by time. We don't know (we can not) when the price is going to hit to the top. It may not even hit. That's why, I'm going to update this post accordingly.
I know 100 pips might look a bit scary but i am good at managing my risk. I'm risking only 2% of my account balance here.
Disclaimer: This is not financial advice...
Trade safe,
Atilla
EUR/USD to see a bearish month moving forwardNot even a single weekly candle managed to close above the range high, all it has done is smack itself on the range high and get rejected, thats a macro bearish signal, at least to me
And we should be heading down to quarterly mid range level where we have a weekly bullish Orderblock which needs testing for support.
I marked out the level where we are seeing support at the moment, and its just beautiful-
the 50% of quarterly range high and quarterly mid range (marked in blue)
looking on the daily, price has been in eternal consolidation mode, but remember, since it has been testing it for support for so long, only so much juice remains to provide a rally and we're beginning to see lower highs form, which should indicate the upcoming dump down to the quarterly mid range
my entry for a short would be a retrace back to the red block formed right at quarterly range high
might just put a limit sell right on the quarterly range high with stop above the nearest swing high and hold on to that short for a month or two.
Cheers!
EURUSD on ShortJournal : Based on H4 chart it has been 3 weeks the market seem to be consolidate 1.143264 as Resistance Level & 1.128391 as Support Level so what I would like to point out is this gonna be a good scalping idea on smaller time frame, selling off the market on resistance and take away profit as you wanted same goes to support level. For now on upcoming week I going to short the market and stay until it hit TP level, if it not going to happen as I see it just gonna hit SL. all the best trades.
EURUSD 4H Short and Long SetupEURUSD 4H Short and Long Setup
Short Setup:
Critical Level: 1.13676 we will take the refractometer
TP1: 1.13351
TP2: 1.13235
TP3: 1.12765
Long Setup:
TP1: 1.14591
TP2: 1.15065
TP3: 1.15126
This is not investment advice
Obviously I do not use sl , adjust according to your own account