Closed TradesCurrenciesCurrencies PremiumEURUSD Trade Ideas PremiumForming Harmonic PatternsHarmonic Patterns PremiumPremiumTalking ChartsTrade Setups

EURUSD Potential Short Opportunity Harmonic Trading Targets Reached

EURUSD Potential Short Opportunity Harmonic Trading

Published: 03-26-2018

We have two bearish patterns and this confirms us the EURUSD will test 1.24200 first.

First Setup:

CHART TIMEFRAME: H4

PATTERN: BEARISH SHARK which would be completed 1.24220

TRADE: SHORT

AREA OF ENTRY: 1.24200 – 1.24300

STOP: 1.24600

TARGET 1: 1.23800

TARGET 2: 1.23600

Second Setup:

CHART TIMEFRAME: H4

PATTERN: BEARISH Gartley which would be completed 1.24850

TRADE: SHORT

AREA OF ENTRY: 1.24750 – 1.24850

STOP: 1.25600

TARGET 1: 1.24300

TARGET 2: 1.23800

UPDATE: FIRST TRADE STOPED OUT 20 PIPS, SECOND TRADE HIT THE TARGETS 100 PIPS. SHORT TRADE GENERATED 80 PIPS TOTAL.

KEEP YOUR RISK – STOP LOSS – MAXIMUM 1% OF YOUR ACCOUNT SIZE.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.

 

 

 

EURUSD:  Involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
Tags
Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close