EURUSD SHORT Setup

[www.Pipsandtips.com]

Good morning everyone,

Have a quick look at the EURUSD Live Data, this is an example of a very nice system setup.

There are 5 resistance levels quite close to each other:

RES :

1.3743

1.3747

1.3746

1.3745

1.3729

combined with a SHORT signal confirmed.

We went SHORT EURUSD here @1.3704, Stop @1.3754 (beyond the highest levels of the cluster). Our target is close to the system D1 level @1.3583.

We'll update as the setup progresses. Good luck!

[www.Pipsandtips.com]

Good morning,

 

Just added another 1 lot SHORT EURUSD @1.3714 as the system is reconfirming the short signal. The live levels indicate trong resistance area in the 1.3717-1.3729, so we place our stop for this second entry at 1.3744.

We'll keep you posted.