The big question everyone has now a days is when is the EUR/USD going to go down and that's something only the big boys know who control the market with trillions of dollars. The one thing I can say now is were heading into some very critical levels now and I really feel like its now or never for the EUR/USD.
I'm going to explain a couple of reason to start thinking about shorting the EUR/USD
1. Weekly and Daily Resistance are both ticked at 1.1759
2. We are also approaching a daily major supply zone between 1.1786 and 1.1870 and this is highlight in my chart as the red box.
3. If we zoom into the 4 hour chart then we can clearly see 1.1800 psychological number being approached as well as the resistance at 1.1812 where market movers may push the pair down hard.
Here is my suggestion with this pair, I've set a yellow box on my chart of where the big boys are possibly waiting to short this bad boy. 1.1800-1.1823 is the range where the possible market moving short orders are possibly placed and so you always want to be with the smart money.
For right now stop losses are really a personal thing and I'm not going to give anyone suggestions on how to manage a trade or how not to but I would strongly suggest to stick to you money management and risk management that you are most comfortable with.
I'm going to explain a couple of reason to start thinking about shorting the EUR/USD
1. Weekly and Daily Resistance are both ticked at 1.1759
2. We are also approaching a daily major supply zone between 1.1786 and 1.1870 and this is highlight in my chart as the red box.
3. If we zoom into the 4 hour chart then we can clearly see 1.1800 psychological number being approached as well as the resistance at 1.1812 where market movers may push the pair down hard.
Here is my suggestion with this pair, I've set a yellow box on my chart of where the big boys are possibly waiting to short this bad boy. 1.1800-1.1823 is the range where the possible market moving short orders are possibly placed and so you always want to be with the smart money.
For right now stop losses are really a personal thing and I'm not going to give anyone suggestions on how to manage a trade or how not to but I would strongly suggest to stick to you money management and risk management that you are most comfortable with.
코멘트:
I will update when I go short on this pair until then I've set a entry order.
코멘트:
Resistance at 1.1759 has been broken so now I've placed a sell entry order at 1.1812
코멘트:
Entry order could get triggered any moment now.
액티브 트레이드:
Entry Level: 1.1812
코멘트:
Once price leaves supply zone (Red Box) I will be posting take profits.
코멘트:
Market is still creating liquidity for the move down so wait patiently
코멘트:
Set stop losses at 1.1870 which is the end of the major supply zone.
코멘트:
Take profit region is 1.1723-1.1744 this is demand area on the 4 hour supply and demand chart.
코멘트:
this should give trade about a 60-70 pip profit on this trade.
코멘트:
코멘트:
High Impact EUR News will be releasing soon.
코멘트:
15 Minute Chart
코멘트:
Move stop losses to 1.1850 to reduce risk now that price is moving down.
코멘트:
US Spending Data releases in 10 minutes.
코멘트:
Price is forming a double top on 4 Hour and 8 Hour charts
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