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Why I believe EURUSD will go to 1.25 and even lower

Remembered when EURUSD was 1.34, I said that EURUSD technical picture pointed to 1.3050? Read here for the EURUSD posting. If you can’t read, then you are not a Tflow® student. To become Tflow® student, please attend our forex course.

 

Belief #1 – Big picture analysis with equidistant channel

This long term equidistant channel suggests a low of 1.06-1.08. If this happens, it’s time to go Europe and I won’t be eating kebabs everyday.

Equidistant channel projects low around 1.06-08

Equidistant channel suggest low of channel around 1.06-1.08

 

Belief #2 – Another way of drawing a channel

Revision Class (Best Practice) way of drawing targets suggest 1.22-1.23 in mid term.

A Best Practice Way of drawing ED and it's Target suggests 1.22

A Best Practice way of drawing equidistant channel and it’s target suggests 1.22

 

Belief #3 –  Looking at Fibonacci levels

In our usual style of Tflow® trading, if below 1.2750 then 1.25 as a support might pop.

Nearer term suggests 1.25

Nearer term suggests 1.25

Of course, our support to Tflow® students, we have this tweet here and various trade management technique to protect profit and prevent a good trade from becoming a bad one. Of course, this EURUSD trade which I tweeted (for free, no subscription charges :)) reached first level of  12850. Maybe it’s too little.

If you like my post, please retweet, G+ or click ‘like’.

Updated by Binni Ong on 29 Sep 6.03pm

Did EURUSD move lower? DEFINITELY YES! I see no reason at all not to short EURUSD. And to those who have been following my trades, congratulations.

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EURUSD now at 1.2677; furthest level reached 1.2680

If you are a Tflow® student, then you would know that selling EURUSD is a H4T trade. Nothing surprising.

If you want to know how we traded USDJPY and made 500 pips and more, you can read this trade journal by Jayrome Lai.
USDJPY and 500 pips profit – My trading journey.

At the moment, for EURUSD trade, we are profiting around 180 to 200 pips. Imagine you just joined Tflow® and traded a standard contract, that’s about $2000 in the pocket. If you never had such a windfall, then it’s time to talk to us.

Here’s how our students are faring:

 

 

What’s next for EURUSD then?

There’s a firm close below 12750. So 12500 will be a next significant support.

 

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One thought on “Why I believe EURUSD will go to 1.25 and even lower”

  1. Jui Koon Derrick Tan says:

    Thanks SIFU for the insightful analysis.

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