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Eurusdtrend

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
Short
by AtillaYurtseven
EURUSD flowLast week it didn't hit my analysis, so I've made close look on this week prediction, all arrows will be my prediction (don't follow if it seem out of the flow) Blue fill box will be the single weekly candle (still as my prediction) but zoomed in with arrows I drawn it doesn't see gonna hit that low so that is why I said don't follow if it seem wrong, just a prediction. and so I've left the resistance trend line on daily chart with a red bold line as a strong signal to sell. Happy trading y'all :)
by WinLoseTrade
EURUSD LONGThe reason why we feel EURUSD may Rise. * On weekly basis it has just started moving up * Bullish Engulfing in weekly Chart . * To Rise and come near 1.1286 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Sinking.. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :1.1150, SL:1.1113 Tgt 01: 1.1245, Tgt 02: 1.1286, Tgt 03: 1.1415. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Long
by ajithchand-bhandaari
EURUSD SHORTEURUSD is expected to sink now. There are many reason why we feel it may sink. * Bearish Engulfing in WEEKLY Chart . * To sink and come near 1.0898 levels * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI (14,CLOSE) May not be of the same view. * CCI (20,CLOSE) may not be of the same view. Keeping in view the chart pattern we expect it to sink. Our sell call shall be from sell bellow:1.0946 SL@1.0966 Tgt 01: 1.0898, Tgt 02:1.0875, Tgt 03:1.0806 . We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Short
by ajithchand-bhandaari
EURUSD SHORTEURUSD is expected to sink now. There are many reason why we feel it may sink. * Bearish Engulfing in daily Chart . * To sink and come near 1.0884 levels * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI (14,CLOSE) Is also of the same view. * CCI (20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:1.0928. with a SL @: 1.1069 Tgt01: 1.0884 . We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Short
by ajithchand-bhandaari