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Eurusdsetup

EURUSD - 2 longs and Short scenarios - Its the big game, sonGeneral EURUSD price beeing rejected by that s/r level (area 1 also in confluence with the 50% Fib. I currently debating if thats the actual range. But for now i will keep it like that. 1. Long (Green arrow) Requirements - Price moves above area 1 and forms a swing - Prices moves down and when passing the formed swing enter the trade Target Former resistance level (level 2) also the possible actual top of the range. Invalidation - Loss of area 1 after retake AND generating lower swings after Stop- Loss - Under area 1 Time duration Days, weeks, months, years... ;) 2. Long (Yellow arrow) Requirements - Price falls under level 1 - Retake of level 1 and forming a swing - Enter on break of that swing Target Next big s/r area and 50% Fib (area 1) Invalidation - Loss of level 1 and no retake Stop- Loss - Slightly under the swing low formed after breaking level 1 Time duration Days, weeks, months, years... ;) 1. Short (Red arrow) Requirements - Price falls under level 1 - Price forms a swing low - Enter on break of that swing Target Slightly above the range low Invalidation - Retake of level 1 after breaking under it Stop- Loss - Slightly above level 1 Time duration Days, weeks, months, years... ;) Good luck
by a_tale_of_bulls_and_bears
3
Be ready to Short EUR/USD the EURO will Continue to drop against the USD these 2 days and according to the overall trend is bearish plus also the news will not be good for the Euro as well so news will not affect the price action, so make sure to place a trade if the price corrects and retrace a little bit to 1.08900 after it reaches the 1.08479 mark ( only if you see a bearish sign ) OANDA:EURUSD this is just my overall analysis of the market please don't trade based on my idea do your technical analysis first :)
Short
by charafguttai
5