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Eur-usd-short

EURUSD SHORT4HR Time Frame Price trading in uptrend from 15 August '18 Uptrend exhaustion. To retrace back to .618 level of uptrend and to watch from there. Hidden Bearish Divergence (Reversal) Price= 22 August '18 High 24 August '18 Higher High (Lower High on RSI) Price currently at .618 Fib level of down trend Start 14 June 18 End 15 August 18 Fib level .618 level = 1.16429 (resistance) 0.786 level = 1.17358 Trade entry at 0.16268 Stop loss 1.17358 Fib Levels for end of down trend - possible bullish continuation ( level to watch and possibly close short ) Start of uptrend 15 August 18 end of trend 24 August 18 .618 Level 1.14305 TP 1 1.15405 TP 2 1.14305 TP 3 1.13011
Short
by JustinMaboshego
EURUSD ShortJust same logic as EURCAD and EURCHF, taking advantage of riding the possible bearish continuation up to psychological support in the daily and weekly chart @1.155. Setting up a sell stop order with conservative TP @1.5506, with possible extension to 2nd TP @1.5059 depending on how price moves before US NFP news tomorrow. If price breaks past my 2nd TP, this pair might continue to go bearish in the next few weeks, esp overall bullish sentiment on USD is going stronger in COT futures, while bullish sentiment on EUR is starting to get subdued. Daily: Weekly: Confidence: B (because of the risk in both USD and EUR connected to trade war)
Short
by aiza_belle
EUR/USD - WHERE I SEE PRICE GOING FROM HEREThere are 2 possible situations that I believe are most likely to occur from here. Situation 1 - We either form a double bottom or bounce off of the very key monthly/weekly line of 1.145 before heading higher to around the 1.20 mark. What we would then have is a textbook head and shoulder pattern which would be a very good shorting opportunity. Situation 2 - The bears show they are in full control this week and break the very key monthly/weekly line. If this occurs I will be looking for a re-test of 1.145 in order to capitalise on the bearish momentum. Hope you all have a great week.
Short
by joshdonoghoe
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