EUR/USD - 500 Pips+ Opportunity - Bearish Continuation
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.
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You know what's popping if you see that... ;) prnt.sc/kfhg2t
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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.
A next re-entry opportunity will present itself once the current pullback finds its resistence area which is yet to be determined.
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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.
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*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.
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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.
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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!
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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.
Here are the coorect TPs:
TP1 : 1.1110
TP2: 1.1010