EURUSD: Monthly short setup
Updated
We can short at market, and add if we hit 1.13591. Stop loss for all orders is 1.14461. Risk 0.5-1%
We could be ready to resume the monthly downtrend after this rally in the Euro.
Good Luck!
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Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
We could be ready to resume the monthly downtrend after this rally in the Euro.
Good Luck!
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Comment
FXE helps clarify the levels here.A drop under all these would warrant a big drop is in order. Aiming for 0.9576.
Comment
Both orders filled ('don't be a d... for a tick')You can short the 2nd order now, and cancel the pending order, it fell short by 2 pips.
Comment
It appears the forecast was correct so far.
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