Good Morning/Evening where ever you might be ,
Okay so we say the charts don't lie and this one is shaping up for much of the same here . Fundamentally you want to be shorting the Euro on the rallies against most pairs right now, because of the state of affairs they're in a bad way .
This coupled with what i've been saying always ( Trend is your friend ) and this has been in a down trend for a while now both on the weekly's and now the shorter time frame is offering us a good safe opportunity to short this pair .
Entry set @ 1.8025 T/L resistance
S/L @ 1.8080 just above the last candle high marked by the arrow....
T/P 1.7690 just above the old support / Selling levels .
Trade rating - 8
Remember to share comments / likes and follow me so we can get a group going, I love interacting with like minded people :)
Happy trading !!!!!!
Okay so we say the charts don't lie and this one is shaping up for much of the same here . Fundamentally you want to be shorting the Euro on the rallies against most pairs right now, because of the state of affairs they're in a bad way .
This coupled with what i've been saying always ( Trend is your friend ) and this has been in a down trend for a while now both on the weekly's and now the shorter time frame is offering us a good safe opportunity to short this pair .
Entry set @ 1.8025 T/L resistance
S/L @ 1.8080 just above the last candle high marked by the arrow....
T/P 1.7690 just above the old support / Selling levels .
Trade rating - 8
Remember to share comments / likes and follow me so we can get a group going, I love interacting with like minded people :)
Happy trading !!!!!!
Trade active
Note
HI Guys/Gals , Just a follow on here , remember sometimes its good to go to the different time frames to give clarity , So here I moved the S/L out the way because the chasers were out for them , and as we can see there's really nothing to worry about right now, its playing out as expected , We are active and Eur Longs trimmed this week by 7K , the biggest trim out of all the pairs.
If we close out of the T/L resistance and break above the last candle highs then the trade will be stopped out, I still feel downward pressure will resume.
Have a great weekend .....
Trade closed: target reached
Okay a nice trade , closed out for now on old support...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.