EUR/USD - expect a move down ,1H -20.09.20
Updated
In this analysis, I looked again at EUR / USD, the analysis comes from a 1-hour graph. I expect the price to bounce off support around price point 1.18360, after which we can expect the price to move towards resistance R (1/2)
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option No. 1 - the price breaks through R1 as this resistance is weak and I expect a reflection from the resistance R2, reflection above, as soon as we record a reflection downwards we enter position No. 1 (Entry 1 = around the price 1.18970), as soon as the price reaches point R1 and record movement down we open position no.2 (Entry 2 = around the price 1.18805).
option no.2- the price will move towards R1 and if we record a downward movement we enter position no.2 (Entry 2 = around the price 1.18805) in which case enter position no.1 (Entry 1 = around the price 1.18970) does not apply.
option no.3 - the price will develop downwards or rise to the value SL (1.19250), then the positions do not apply and we do not enter these trades.
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(Sell Limit)
Entry 1 = 1.18970
Entry 2 = 1.18805
TP 1 = 1.18360
TP 2 = 1.18120
SL = 1.19250
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-This is not financial advice.
Trade safe!
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option No. 1 - the price breaks through R1 as this resistance is weak and I expect a reflection from the resistance R2, reflection above, as soon as we record a reflection downwards we enter position No. 1 (Entry 1 = around the price 1.18970), as soon as the price reaches point R1 and record movement down we open position no.2 (Entry 2 = around the price 1.18805).
option no.2- the price will move towards R1 and if we record a downward movement we enter position no.2 (Entry 2 = around the price 1.18805) in which case enter position no.1 (Entry 1 = around the price 1.18970) does not apply.
option no.3 - the price will develop downwards or rise to the value SL (1.19250), then the positions do not apply and we do not enter these trades.
===
(Sell Limit)
Entry 1 = 1.18970
Entry 2 = 1.18805
TP 1 = 1.18360
TP 2 = 1.18120
SL = 1.19250
===
-This is not financial advice.
Trade safe!
Note
=== !!! UPDATE !!! ===option n.3 - if the price breaks downwards we enter the short position, which you will find in my second analysis on -EUR/USD (15min chart) - Entering the position is in case we notice a significant downward movement, entering the position is around 1.18360 and take profit ( TP1) = 1.18120, SL = 1.18805
option n.4 - if the price moves upwards from the support (S) and reaches the value SL (1.19250), none of the above options apply.
Note
->If you have any questions or concerns, feel free to comment in the comments section. If you like my idea you can support it with like.Note
option no. 3, TP2 hit !!!
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