Eurusdsell
EURUSD: Watch Price For Further DownsideHi Traders,
EURUSD may be setting up for a potential expanding flat, in which case the target should be set structurally at 1.0944. Please note that during the holiday season, the markets are observing very thin liquidity so most brokers will widen their spreads. It is therefore important to trade cautiously and apply risk management.
Regards,
Wave Theorist
#EURUSD, Will the increases continue?The moment of truth has arrived! Will the EURUSD break the average moving line 200 in the daily graph?
As you can see in the graph above, the EURUSD is still within a declining channel and since June 2018 it has failed to rise above the average line.
Stochastic in Overbought and crosses lines in the upper bar which it is usually before drops.
Our signal will be down this time with a target of 1.1070
EURUSD SELLEURUSD SELL
Strong Resistance
Pin bar
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Tradewithsam
EURUSD Making a Double Zigzag Elliot Wave Pattern - Short Entry So yesterday I published an article on the EU with entry and stop level. I get stopped out and some traders did as well.
That's trading for you, you won't always be right and to win in this game you've to be bold to take the loss and re-evaluate will clear mind.
What's wrong with yesterday setup, I labelled wave (a) as a completed (a)-(b)-(c). When market stopped me out and I re-analyse I could see that the correction is yet to complete and we still have a chance to trade lower in order to complete a double zigzag pattern. I took an aggressive entry 1/3 of my total risk and I will add the remaining risk once the conservative entry level is breached.
How do you manage your loss? Do you let your losers run? If yes, I have been in your shoes and I will tell you honestly, it won't help your bottom line.
Best,
Veejahbee.
Sell Any Rallies in the EURUSD for MidTermBuy around 1.1025 - 1.1032
Take Profit 1.0990
I still maintain downside bias for EURUSD. So far, the main driver is the strength of Dollar Index. We still have a broad based firmer Dollar as well as better than expected economic data released last week and yesterday.
The other reason for EURUSD short is the fundamental outlook for EUR and Eurozone economy still remain bearish for short and midterm.