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EURUSD 1 Hour Time Frame

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2016-01-22_01-18-58eurusd2

2016-01-22_01-18-58eurusd2

Dear Traders,

Having seen the analysis to go short on the daily time frame lets try to find our entry points.

Ideally we want to see price break support retrace back to the area and then continue in direction of our bearish trend.

It is then and only then after receiving this confirmation that the entry is validated.

The area from the resistance advised to initiate a short position would be 1.08400 to 1.08450 as seen and exemplified with the arrows.

You might use an alarm from your trade station if you are unable to watch your chart.

Foe the more advanced traders I give the suggestion that you might take entries on every bearish 123 pattern or if a double top should form.

If you prefer then you might take 5/8 crosses down. I hope this helps.

BEST OF PIPS

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