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.
Belief #2 – Another way of drawing a channel
Revision Class (Best Practice) way of drawing targets suggest 1.22-1.23 in mid term.
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.
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.
— TerraSeeds FX Tflow® (@terraseeds) September 15, 2014
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.
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:
@terraseeds Thanks Binni… eurusd 1.268 done +187pips. This am went in gbpnzd, less than 4 hrs +260pips. Great way to start the week!!
— Lai Kuan (@LaiKuan29) September 29, 2014
— ting (@wt0208) September 25, 2014
What’s next for EURUSD then?
There’s a firm close below 12750. So 12500 will be a next significant support.