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4hrchart

EURUSD 4hr shooter breakoutDefinition: Shooter = 2 inside bars in a row , then use the latest one as the trade set-up EURUSD was crazy this morning, every short seller for any kinds of set-ups probably suffered short squeeze. For me, to long EURUSD is such a high level? Why not! All I need is a reasonable risk-reward set-up to get involved, even if it failed it's controllable loss. Here I like this 4hr shooter for EURUSD so much, and it already broke to the upside. the current price is 1.1630 Even if I put my out to the 1st inside bar low at 1.1615-1.1617 it's still about 15 pips risk only. It's great to trade 4hr chart with 20 pips risk in such an in-play name! To me it's a worth trying set-up to long the beast, let's see how it goes!
Long
by Trader_Joe_Lee
EURUSD 4HR Support and Resistance / Intra-day tradingThe various trendlines are illuminated on the chart. The red lines and green lines are the resistances and supports, respectively. Since the pair has been on a streak and has been overbought for several days, the Fibonacci retracements , trend lines and indicators like stochastics, RSI, CCI indicate that its high time for correction. The pair most probably would bounce in between the trend lines shown on the chart. Unless the fundamental data of Euro abruptly changes since M Draghi is going to have a speech today. Still most probable move is downwards. Hence, for intra day trading , today is a fine day to short the pair
Short
by Abdullah_x47