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Eurusdshortsetup

EUR/USD Technical Analysis.Hello traders, EUR/USD is trading at 1.2170. The pair is trading in resistance and support wedges in an upward channel. As the price has already touched its resistance level it can rebound back to its support level. If the price breaks the entry price at 1.2138, then it can give a small downward move and touch its support level at 1.2056. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
EURUSD - ShortEURUSD in 2021 shows big sell opportunities as from January 2021 it is in a down trend, in march it hit 1.17 area with could be named as the important support area as we see a lot of rejection from this point. if we use fib retracement from 2021 high and 2021 low the market currently ends at the 0.618 fib level (1.12) Euro is overall looking bearish and USD is looking bullish to me the whole year as America is recovering from the pandemic much better than Europe my entry is at the 4H time frame by spotting a Hanging man pattern after a rally, my first take profit is at the previous low of the market and my stop loss is 30 pips If my stop loss wont be triggered I will wait for the market to reach the first low and see if the market decides to go through it, if it does i will trail my stop loss as long as I can and potentially ride the Swing Trade for a long time or I will be taken out by my Stop Loss in profit However, if the market decides to go against me straight away and hit my stop loss of 30 pips, I will then continue to wait for the market to go around the 0.786 fib level (1.22) for me to enter a trade at this level I would like to see reversal candlestick pattern, and some fundamental news confirming that the euro will continue to be outworked by the American dollar
Short
by Lolek1423
EUR/USD Technical Analysis.Hello traders, EUR/USD is trading at 1.1752. The Pair is trading in downward trend from some time and can start a new downward trend after breaking support. As the price is moving towards its support level, if the price breaks the support level at 1.1738, it can start a new down trend. The targets for the down trend will be at 1.1692 and 1.1631. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
Eurusd short trade.I am currently looking for a short trade on Eurusd because we are currently in a bearish trend all the way from the January 2021. The market is currently coming down to retest the level of support 1.17144, once we can break and close below this level of support id like to see price continue down all the way to the supported (highlighted by the grey block) found first on the 25th of September and then again on the 3rd of September 2020. once we can close in to that range it is going to be a 117 pip range with possible stop about 88 pips away. This seems a bit excessive however you can start to manage your risk once you are in a draw down or focus on grabbing quicker trades 10 to 20 pips with tighter stops.
Short
by FFF_Trader
EUR/USD Technical Analysis.Hello traders, EUR/USD is trading at 1.2149. The price is trading in upward resistance and support channel and rebounding back from its resistance level. As the price has already rebound back from its resistance level, if it breaks 1.2146 price level it can touch support level. So, the entry price for short will be at 1.2146, first target will be at 1.2128 and second target at 1.2100. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
EURUSD preparation for shortHello, everyone, and first i would like to congratulation to people who took the trade for long on eurusd, here is my plan for next few days, first I will want to close my long position at around 1.2095-1.21 as per chart you can see that this levels worked as strong support which may now become reistance. Also I would like to point that in the same place is 61.8 fibonnaci level which as most of people know is well respected on markets. Also after last formation we were able to add another important levels which are 1.18250 - 1.18100 where 61.8 fibonnaci and 1.61 fibonnaci levels are located (61.8 is from W1 and 1.61 is from last wave). I would like to point that this combination of 2 fibonnaci levels is one of the strongest when it comes to fibonnaci analysis. If you still reading I want to mention that wave analysis and volumen points to futher downside (volumen is really low, no buyers yet) and from wave analysis we have complited 5 waves to the upside so I would expect ABC formation to the downside which should be bigger than OneToOne which we have seen. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Short
by Coder775
EUR/USD trading in descending trading pattern.Hello traders, EUR/USD is trading at 1.2164. The price is trading in a descending triangle pattern and moving towards strong support level at 1.2151. If the price breaks the support level at 1.2151, it can continue its down trend and its target prices are as follows. 1st Target price at 1.2106 and 2nd target price at 1.2067. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
EUR/USD Technical Analysis.Hello traders, EUR/USD is trading at 1.2340. The price is trading at 2 years high and just touched it resistance level, now it can rebound back to its support level at 1.2256 before continuing its upward trend. The overall trend of the pair is upward but we can get a small down move before continuing the up trend. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5