Euro / U.S. DollarShort
EURUSD - 60min Timeframe - Small but nice short opportunity
Updated
On the 60min timeframe, EURUSD is completing a running flat, before going for one bigger upside movement which will complete the bigger regular flat. Watch for breaks, with a stop loss above the small flag type correction and a target in the 1.61 area. Don't forget that this is an irregular correction within a bigger correction.
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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Trade closed: stop reached
Note
We got stopped out because we were too conservatives on our stops this time, but the pair did what we expected it to do. We don't believe the pair is ready for the major downside continuation as yet, so we will be looking for buy setups back to the 1.1846 area, from now on. Watch for buy setups on the break of the 60min trend.Note
Sorry, copied and pasted the wrong chart.Here it is:
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