eurusd h4 best level to short/hold tp +100 pips
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🔸Hello traders, let's review the 4 hour chart for EURUSD today. Ongoing distribution in
progress going into FOMC we are trading in neutral trading zone right now, so no trades
are recommended. I suggest to wait for the FOMC data, dust settles, then get ready to
re-short EURUSD from overhead resistance, more details on the chart.
🔸EURUSD ongoing correction/downtrend set to resume after distribution pattern
completes later, currently expecting more upside in EURUSD before reversal / rejection
from overhead resistance near 0750/0775 premium prices, bears should focus on
short selling from resistance. Strong prior downtrend unlikely to reverse, unless
we get a strong upside breakout above 0780/0790, which will invalidate the bearish
outlook mid-term.
🔸Recommended strategy for EURUSD bears: short sell rips/rallies, short EURUSD from
overhead resistance closer to 0750/0775, SL fixed at 0790, TP1 +50 pips TP2 +100 pips,
keep in mind this is a swing trade setup, so naturally more patience required as we
are currently locked in tight range into the distribution stage. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
progress going into FOMC we are trading in neutral trading zone right now, so no trades
are recommended. I suggest to wait for the FOMC data, dust settles, then get ready to
re-short EURUSD from overhead resistance, more details on the chart.
🔸EURUSD ongoing correction/downtrend set to resume after distribution pattern
completes later, currently expecting more upside in EURUSD before reversal / rejection
from overhead resistance near 0750/0775 premium prices, bears should focus on
short selling from resistance. Strong prior downtrend unlikely to reverse, unless
we get a strong upside breakout above 0780/0790, which will invalidate the bearish
outlook mid-term.
🔸Recommended strategy for EURUSD bears: short sell rips/rallies, short EURUSD from
overhead resistance closer to 0750/0775, SL fixed at 0790, TP1 +50 pips TP2 +100 pips,
keep in mind this is a swing trade setup, so naturally more patience required as we
are currently locked in tight range into the distribution stage. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
flat going into FOMC / no position todayNote
usdcad h8 advanced xabcd buy/hold setup swing
Note
gold 4hour overview of key s/r levels
t.me/thesyndicate001
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💎solana meme coin algo based
⚡️signals based on whale activity
📕and trading course for 10x-25x
🚀supercharge your trading
🏧to the next level join us today
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