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EURUSD in Daily Chart has broken the trendline (red line). It is broken. The price is projected to move down from current price to 1.0575
Entry at 1.0805
SL 1.0835
TP 1.0575
You need to lock to breakeven when the profit reach +30 pips, move the Stop Loss = Entry price.
This strategy will secure you in the long run.
Happy Pips…
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EURUSD So far showing a little upward movement. if it brook the trend line (red) on top, then it might going up a bit. I do not have any direction yet for EURUSD until the price free from the “red” triangle.
Some people like to trade on broken triangle. But I do not.
Trade suggestion: None.
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This is the result so far of the 2 trades I made. NZDJPY is 219 pips and EURUSD 100 pips. If we are using the risk = 3% with proper money management:
NZDJPY with SL 60 pips, it shall make you 219 / 60 = 3.65 x 3% = 10.95%
EURUSD with SL 25 pips, it shall make you 100 / 25 = 4 x 3% = 12%
So the profits will be 22.95%.
It is more than enough to stop trading for the whole months.
Do you know how if it hits the Take Profit (TP)? It is still half of its journey.
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Trend EURUSD confirmed to be bearish at the moment, and the down movement has been significant strong enough actually. Just now it opens a little bit of corrections, I might enter the trade, not in the position that I normally take.
Sell EURUSD now at 1.0820
SL 1.0845
TP 1.0567 (Final)
As usual, my stop loss is only 25 pips. I am going to lock if the profit is +25 pips, and let the trade to ride. This is a daily chart movement as well.
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The EURUSD performs very well last week. After NFP last friday, the currency drops more than 100 pips. We have a position of Sell EURUSD, it moves so well, now it is 245 pips in profit.
I believe its next target is 1.05
Looking at weekly charts, it is showing that Potential Major Reversal may has taken place.
The currency NZUDUSD, AUDUSD, GBPUSD shows a bull pattern. USDCAD & USDJPY shows bearish started. EURUSD is still in correction, and soon Bull will win the race.
It is a time for USD weaknesses
Leave a CommentEURUSD has complete its correction, and downtrend may continue if it could break line 1.0995. Stop loss at 1.1025, and let it drives strong downfall. Easy target will be 1.0900.
Ultimate target is 1.0500.
Leave a CommentEURUSD breaks its 1.1460. It is moving up. Might travel to 1.17
BUY EURUSD EP 1.1487 SL 1.1414 TP 1.17
I have my trailing stop protection on.
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