Elite Swing Trader EURUSD – 13th June 2019
EURUSD had a very bearish day yesterday. The daily chart shows that the daily candle came out as a bearish engulfing candle. The H4 traders would love to get a price correction and sell the pair again if the price makes another breakout at yesterday’s lowest low. Let us have a look at the H4 EURUSD chart.
This is another trade idea generated by the Elite Swing Trader.
The move was very interesting. First of all, it started from a resistance level which seems to be a level of resistance of a double top. The wave started with an Evening Star as well. The price came down up to the level of 1.12825 yesterday. Then, it has started having a correction. If the price goes up to the level of 1.13050 and produces an H4 bearish reversal candle, then an H1 breakout at the level of 1.12825 would lead the price to go towards the level of 1.12465 without having that many pauses. Let us have a look at the summary of the trade
- Sell Stop Order: 1.12825
- Stop Loss: 1.13050
- Take Profit: 1.12465
An Evening Star is a signal of a strong downtrend. Basically, it is a combination of three candles. The first candle is a bullish candle; the second candle is a doji candle; the last candle is a bearish candle which has to close below the first candle. In many occasions, the second candle might come out as a little bearish candle as well. In those cases, the third candle has to cover the second candle with spike and then closes below the first candle to make a valid “ Evening Star”.
The Elite Swing Trader Trading Dashboard
With the Indicator, you can now have multiple charts open and wait for the Elite Swing Trader will highlight potential trades to your attention. Of course, without saying, you do not trade every signals. Instead, this is a massive time saver. You decide on the trades to take.
This is a time tested Ever Green Swing trading system. Learn more here…
Claim Your $60 No Deposit Bonus Here
All you need is to have your live account verified!
Of course, you need to open a live account...
2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!
We use both of these brokers and proudly promote them!NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.
Other Analysis Today