[EURUSD Short] 30 July, 2021 - Roger V Trading Ideas
30/7/2021
EURUSD [Sell/ Short]
Entry Resistance level idea:
1.22350 Resistance
TP Support level idea:
1.20300
1.19000 (Best Scenario)
Final SL for all Short positions:
1.23650 Resistance Level
Comment:
The market has temporarily come to an end with the US dollar index going strong and going in a retracement.
The next potential entry I will be looking for if the resistance level occurs will be at the price approximately near 1.22350 up and down. (This will depend at the time on how the market consolidates.)
If the strength of momentum for EURUSD ceases at the price near where Roger V trading idea has been posted.
The first aim of TP support level will be looking at 1.20300, and if the candlestick does not show any obvious weakening signal or factors that may cause the instrument EURUSD to go in bullish trend again. I will be looking at the price for the next TP support level of approximately 1.19000.
The final SL for the long term will be 1.2365000 if no consolidation or weakening signal appears there. A SL will be taken into action by Roger V if it actually happens.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
EURUSD [Sell/ Short]
Entry Resistance level idea:
1.22350 Resistance
TP Support level idea:
1.20300
1.19000 (Best Scenario)
Final SL for all Short positions:
1.23650 Resistance Level
Comment:
The market has temporarily come to an end with the US dollar index going strong and going in a retracement.
The next potential entry I will be looking for if the resistance level occurs will be at the price approximately near 1.22350 up and down. (This will depend at the time on how the market consolidates.)
If the strength of momentum for EURUSD ceases at the price near where Roger V trading idea has been posted.
The first aim of TP support level will be looking at 1.20300, and if the candlestick does not show any obvious weakening signal or factors that may cause the instrument EURUSD to go in bullish trend again. I will be looking at the price for the next TP support level of approximately 1.19000.
The final SL for the long term will be 1.2365000 if no consolidation or weakening signal appears there. A SL will be taken into action by Roger V if it actually happens.
--------------------
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
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