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EURUSD Trendline Breakout and Short Opportunity Update: Stop Reached

EURUSD Trendline Breakout and Short Opportunity

Description: EURUSD breaks the trendline on M15 Chart. It is likely to retest the broken line. Bearish continuation is predicted.

Time Frame: M15

Trade Period: Scalping / Intraday

If the pattern becomes validated estimated completion time: 3-12 M15 Candle Sticks

The trend in the Timeframe: Bearish

The trend in the Daily Chart: Bearish

Trade Based On Trendline Breakout

The accuracy of the pattern: 96 %

Recommended Lot Size: 0.10 at 10K

Trade: Short

The Area Of The Entry: 1.14350

Stop Loss:  1.14700 / Stop Reached

Target 1: 1.13600

Target 2: 1.13100

Target 3: 1.12700

 

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

EURUSD: Information on these pages contains forward-looking statements that 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

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