EURUSD - SWING - 02. SEPT. 2020Welcome to our weekly trade setup ( EURUSD )!
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1 HOUR
Very bearish price action right now.
4 HOUR
Price melting below main sr level.
DAILY
Good short entries, prices looks like we are in a pullback now.
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FOREX SWING
SELL EURUSD
ENTRY LEVEL @ 1.18600
SL @ 1.19120
TP @ 1.17810
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Eurusdsell
H1 BEARISH PATTERN; ASCENDING CHANNEL Price reached the 1.20000 terrain for the first time in 2years.
A break out of this channel is surely promised, time & price action are responsible for delivering this promise.
Albeit I remain neutral by trading within this channel.
Since price broke below the dynamic support within this channel, the bears are ought to guide price further downward to the 1.18000 region.
EURUSD SELL trade update
Above is a clear count of 5 wave impulse which makes up the wave (A) of a zigzag correction (5-3-5) then followed by a triangle correction which serves as the wave B. According to Elliot wave rules, a triangle pattern more often that not appears as wave B or wave 4.
Now we are in a short position for the C leg of the zigzag correction .
EURUSD Short Trade SetupEURUSD is making a series of (i)-(ii), i-ii wave pattern which usually indicates a potential swift decline in third of a third wave.
We can keep our focus on the downside against the 1.18496 near-term key level (red), breaking decisively below the green levels on the chart will suggest wave ii has already terminated and that wave iii is underway.
What's your view on EURUSD? Let's interact in the comment section.
EUR/USD SELL SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/USD: Daytrade-Preparation
Market-Sell: 1,18365
Stop-Loss: 1,18660
Target 1: 1,18065
Target 2: 1,17860
Target 3: 1,17660
Stop-Loss: 29,5 pips pips
Risk: 0,5 % - 1%
Risk-Reward: 2,42
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Peace and good trades
Irasor
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EURUSD Short Setup!Price on the 4H was in an uptrend but broke. Now price has pulled back to about 50% and is starting to reject. I entered for a sell at the 50% exactly, but for a confirmed sell wait for price to break structure on the 15 then get in on the lower high.
Remember to always practice proper risk management. Targeting the last area on the 4H that price was in a range.
1-5.5RR. Once the 15 min trend switches to a downtrend as well it will be very likely you will catch atleast 50 pips.
EUR/USD trade alertThe only foreign money fluctuated the euro in a slim vary tilted to the upside in the course of the Asian session to witness its bounce for the second session from its lowest since July 27 towards the US greenback earlier than the developments and financial information anticipated on Tuesday by the economies of the euro space and the US economic system the biggest economic system on the earth.
At 05:15 am GMT, the euro pair rose towards the US greenback by 0.06% to 1.1769 ranges, in comparison with the opening ranges at 1.1762, after the pair achieved its highest stage in the course of the buying and selling session at 1.1777, whereas attaining the bottom at 1.1752.
The market is at the moment seeking to France for the second-largest economic system within the euro area for the issuance of the treasury funds for the month of July, earlier than we witness from Spain the fourth largest economic system within the area the discharge of the change in unemployment, which can present an increase of 19.5 thousand in comparison with an increase of 5.1 thousand in June June, earlier than the discharge of inflation information for the eurozone economies as an entire with the discharge of the producer value studying, which can replicate 0.6% progress versus a 0.6% contraction in Might.
Alternatively, buyers are awaiting by the US economic system, the biggest industrialized nation on the earth, the discharge of manufacturing unit demand studying, which can present a slowdown within the tempo of progress to five.1% in comparison with 8.0% in Might, and this comes together with the disclosure of a statistic of shopper confidence by day by day enterprise, which It might replicate a contraction of the contraction to 45.three in comparison with 44.Zero in July.
EURUSD - Time to open SHORT position?Good morning, everyone!
The new week is opening with a local correction and it is obvious that the instrument is overbought. But there is no rush to open short positions, as the pair is trading near 1M trendline which is a very strong resistance and a lot of squeezes might happen nowadays:
Look at the 1W timeframe:
EURUSD has a remain a strong trend, but couldn't close above 1M trendline.
More Local 1D timeframe:
To conclude, keep an eye on local trendlines to break and I will update this post if anything changes, but for now I am waiting for a correction to start, so I can find a good entry for short.
GOOD LUCK!