Ignoring popular opinion of going long EURUSD, it just doesn't make sense to me, looking for the sell side of this pair only. We are in a nice area for now, to utilise tight SL procedure and find a good price.
BEWARE: Range for sentiment is very small, so if you want tight entry I recommend you're a very experienced trader who knows what to expect in this area of a trade, as it's very snappy.
Best of luck, Tom
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IvanLabrie
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That's one heck of a drop...I doubt it materializes, but if it drops under 1.1035 it's possible.
TomProTrader
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Yeah PRZ is just a potential area, not an area I really anticipate at all :-), it's just there IF in the unlikely event it did
Tom
TomProTrader
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That actually springs up a good point, I put emphasis on profit target by using the small impulse wave in there, but didn't outline where the extension expired. Thanks for pointing that out Ivan
Tom
IvanLabrie
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Always good to figure things out together.
I closed my longs and watching, maybe GDP tomorrow gives us a trade setup.
TomProTrader
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Nice, yeah that's definitely going to give us the outcome for our near term trading direction of a few pairs (And the rest)
Encase you wondered, I anticipate EURUSD target to be anywhere from 1.1080's to 1.1030's
Tom
IvanLabrie
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Check out gold, might have one more swing up if it hits 1143-1133 but not lower.
manijeh.kazemi.33
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thanks for analysis I think so
TomProTrader
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Very, very nice hart. I agree with your count and analysis strongly