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MEX_Exchange
Oct 26, 2017 2:07 AM

EURUSD shot up perfectly towards our profit target, sell Short

Euro Fx/U.S. DollarFXCM

Description

Sell below 1.1855. Stop loss at 1.1895. Take profit at 1.1747.
Reason for the trading strategy (technically):
Price has shot up perfectly from our buying area and is fast approaching our profit target. We prepare to sell below major resistance at 1.1855 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) for a push down to at least 1.1747 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 98% and we expect to see a corresponding reaction off this level.
Comments
Glendoonie
Good one. smiler :-)
Olu
Well done on this idea. Great call.
Tau10
Wow great job, may God bless you
yohan1999
@Tau10, hello there
Can you say me at what time we have use this stratedy
djoutrou
waou great
firmantika
terimakasih dari indonesia
Egidijus0
moneey in the bag !!!! thank you!!
MattPi
nailed ;) thanks
Curse1982
You also had one EUR/USD Pair on 20.10 with E: 1,18783 TP: 1,17477 SL: 1,19499 - is this then not valid anymore or do you run both at the same time?
SuperMike7
Awesome job guys ! Thanks and keep up the excellent work ;)
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