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ProjectSyndicate
25 okt 2020 08:02

EURUSD H8: BEST Level to SHORT IT TP +400 pipp (SL/TP)(NEW) Kort

Euro Fx/U.S. DollarFXCM

Beskrivning

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EURUSD H8: BEST Level to SHORT IT TP +400 pipp (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.


🔸 Summary and potential trade setup
::: EURUSD 4hour/candle chart review
::: distribution in progress
::: exactly same pattern as
::: February/March 2020
::: sequence of weak closes
::: inside 325 pips range
::: resulted in 500+ pips dump
::: expecting same sequence now
::: TP BEARS is 1500 +400 pips
::: this week expecting more losses
::: SHORT/HOLD and get paid
::: best level is near 1900/1920
::: get ready to SHORT HIGH
::: BEARS will target re-test of 1500
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: TP BEARS is 1500 +400 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1500 fresh demand zone
::: 2000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS
Kommentarer
powahousealex
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I have the same. in 2018 it tried 5 times to break resistance but failed and the dropped ,by November it had created a new low at 1.12
ProjectSyndicate
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@powahousealex, perfect!
UnknownUnicorn12188464
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Great charts and think you ;
ProjectSyndicate
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@Esmail-T, thank you for sharing
Trading-Guru
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Did you consider the week-weekend behavior too? I think this could be confluence to your idea:
ProjectSyndicate
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Guapeva
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perfect, I see the same
ProjectSyndicate
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@Guapeva, appreciate it!
andrewchang291
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this is asom
ForexTraderPT
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Good vision, we have some similar ones, see our profile :)
Mer