EURUSD - POSITIONAL TRADE FOR HUGE PROFITSymbol - EURUSD
EURUSD is currently trading at 1.11900
My short setup has formed in EURUSD & I'm seeing a trading opportunity on sell side.
Shorting EURUSD pair at CMP 1.11900
I will be adding more position if 1.12300 comes & will hold with SL 1.12850
Targets I'm expecting are 1.10200 - 1.09150 - 1.07700
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Eurusdshortsetup
EURUSD WEEKLY#EURUSD All time LOW at 0.90275 and that's the starting point of EURUSD candle on 01MAY2002.
#EURUSD All time HIGH at 1.60388 on 01JULY2008.
On 02NOV2009 price drops at 1.51440. After that price drops again at 1.49401 on 02MAY2011 but able to touch previous High. Again price drops at 1.39936 on 01MAY2014. Drops again at 1.2556 on 01FEB2018. As you see I Already marked POI on 26MARCH2018 and I was waiting for a mitigation and price went that direction as a magnet!
Then we saw something new after few month's price try to touch the previous high but...! Price failed to the previou high at 1.23496 on 01JAN2021 and price drop again!
I marked some Important POI
Now price is moving towards 1.12826 POI to mitigate.
When price gives as a BREAKOUT on 1.25560 level then we can see a BULL MARKET
Until then, we can expect the price should not fall down below 0.9536
CORRECT ME IF I'M WRONG!
EURUSD ANALYSIS FOR MONDAY 20 Mar 23.*Market is in a important zone and showing some selling reaction.
* There is an eng liquidity or inducement both are in same place.
* In this eng liquidity there is a IFC candel and market just sweeps high and showing downward reaction.
*1st selling entry miss by chance of not showing the chart this time
*Market gives 2nd chance to enter on FVG zone as i marked.
*Thers a CHoCH market makes.and similarly take a small pullback called inducement
* Due to DXY weak fundamentally this is risk entry. So take risk with very small sl above the FVG Zone i should strictly obey my rules.
*RISKY traders can enter. On this high probability zone.
* thers only fvg zone is left to mitigate so i directly sell there when touches fvg zone and put sl on FVG ZONE .
#EUR/#USD Trading Plan 25-26 Jan 2022In this chart of EUR/USD I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone".
If EUR/USD's price crosses the top-most price level, we will be looking for long opportunities and if EUR/USD's price crosses the bottom-most price level, we will be looking for short opportunities.
Entry criteria:
Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level.
Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level.
Stop Loss criteria:
Risk: 2% of capital of per trade.
Bullish case: Just below the second price level from the top.
Bearish case: Just above the second price level from the bottom.
Take profit criteria:
I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case).
I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable.
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 03:25 AM IST which is around when the day is about to end in the forex markets.
Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
P.S. today I am biased towards the downside!
EURUSDDear traders,
as I have become accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said last weeks... went up again in the area 1.19500-1.2 from where it went down again!
as you can see on the chart for 1 week, I expect that in the next period the EU will range in the area 1.18500-1.2, following that at the first weekly closing above these values to give the trend of the next period..but, I still bet on SELL until at target 2!
THIS WEEK...as I said last week, the EU has come down and is heading towards the 2nd target that I set a few weeks ago!
however ... this week I expect a rejection from this area 1.17100-1.17500 and an ascent to 1.18500 or even 1.19 and then ... DOWN AGAIN to 1.16 my final target
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.