EUR/USD broke over the 50 on the weekly chart. If that ema stays its resistance and prices fail to find a support and reverse, we can expect EUR/USD to continue its fall 500+ further below for the next months.
This is a good long term opportunity. However the pair decides to act, there is an opportunity to make a lot of money from (Whether it decides to find support and reverse back up/Accept the 50 ema as its resistance and break further below).
Happy trading!
P.S. - Remember, if you fail to manage properly your equity, no matter how good you are, you will fail to succeed.
This is a good long term opportunity. However the pair decides to act, there is an opportunity to make a lot of money from (Whether it decides to find support and reverse back up/Accept the 50 ema as its resistance and break further below).
Happy trading!
P.S. - Remember, if you fail to manage properly your equity, no matter how good you are, you will fail to succeed.
Note
I appologize, the TP is not set properly on the chart.Here are the coorect TPs:
TP1 : 1.1110
TP2: 1.1010
Note
You know what's popping if you see that... ;) prnt.sc/kfhg2tNote
The lowest price predication we can make is at 1.05. However, we're going to take out our profits as it hits our first TPs and re-enter in the bearish trend if no support is yet found.A next re-entry opportunity will present itself once the current pullback finds its resistence area which is yet to be determined.
Note
Next shorting opportunity has presented itself. If the 50 EMA in the 4 hour timeframe chart holds as resistence, then the next move down will eventually begin.Note
*The risk/reward ratio is 7 considering the TP is at 1.12 area. However, as we expect EUR/USD to be bearish for the next few months, we can hold the position as low as 1.10 or even lower depending on the strength of the bearish trend.Note
A second entry opportunity could potentially present itself as prices reached the 1.1550 (Last low). There might be a little pullback from which at the top, those who missed, could enter. Note
We can expect eur/usd to pullback eventually and hit the 50 ema again on the 4 hour timeframe only to continue it's bearish trend. Another entry will present itself this week! Not to miss it! Note
EUR/USD is still moving up and has yet to find it's resistence at either the 50 ema of the 4 hour or 6 hour. I will keep this idea updated once the next window to sell opens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.