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Video Forex Trading Strategies That Work | Top Forex Trading Signals - Sell EUR/USD (13.06.16) (Forex 4hr trend strategy)
My FX Trading Signal - Sell EUR/USD m The EUR/USD has just recently bombed against the major resistance of the Matrix at 1.1406.
hi guys welcome to our top of the day trading opportunities in the forexmarketand today's Monday first trading day of the week and it's the 12 of june 2016and in front of us we can clearly see the euro versus the dollar under weeklychartnow this is a cell signal guys euro dollar is building up some negativesentiment all across the continent basically once againyeahand that you obviously have a down side effect on the on the pairso that's from the you know fundamental point of view we also have of course thetechnical point of view so that's that means the Fibonacci matrix in this casebecause we do have a white trading rangeyou're right that actually started a year and a half ago almost a year and ahalf ago with mar 2015 the euro has actually entered a very white tradingrange i would say about the thousand pips trading range right between thelevels of roughly all one or six- 116 even a bit higher than thatso now once the Bureau has visited the higher part of the matrix rightwe expect him we expected now to move all the way down to the lower part ofthe matrix the levels over 1 of 6 17at least now one clear signal that we had in accordance with that predictionis the fact that the euro has established a new low which is lowerthan the previous one so that is basically the first signal forearm atrend reversal that we might have right hereanother strong signal in this case would be the fact that the euro is well lastweekcorrected to the upside
corrected that move that down side move straight up tothe level of the major level of the matrix right here at 114 18 now that isa very strong resistance level the fact that the euro has just touched it andquickly bounced of their level is another cell signal in our in ourin our opinion now let me move quickly to the daily chart so we can close in onthe arm on the on the you know on the price section here and now you can seemy my trade I just put it in just recently short trade on this oneand you also can see my stop loss level now the best tapas level to place herewould be obviously above the more the very strong resistance here at 114 18rightthat is our major level but there would be probablythat will probably be too far for the current price so i just them had alittle modification here and put it placed it at the one . 1345 which shouldbe far enougheven if there is a small correction here I think the momentum is negative in thiscasenow the other side of the matrix represented by this levelthe one or 757 that's going to be my price target so that represents a 500points move so we have a hundred points of risk and 500 points of rewards sothat's risk-reward ratio of 1.125 so that's good that's a good trading planin in in that senseso yeah I wish I so good luck with this one guys and i'll see you on the nexttrading opportunitiesbye-bye
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