Bear trade plan to look for Sell opportunity , Daily appear on the own trend channel since May , 4 hours Bear look for weekly WM3 to WM1 move , go to smaller time frame 15M to look for reversal base on 4H 21 line .

EURUSD Day (26 Aug , 2016)

Daily has reach monthly profit target MR2 and rejected down since then If today Jackson Hole Yellen speech is Hawkish this down trend will continue.

EURUSD 4H (26 Aug , 2016 )

Weekly WM# to WM1 move 4 H 21 as moving resistance

EURUSD 15 M ( 26 Aug , 2016 )

Look for down reversal appear on 15M around 1.13 to 1.125 area with a stop just above yesterday high and potential of more than 100 pips+

6 thoughts on “EURUSD Daily Trade plan for Bear ( 26 Aug , 2016 )”

  1. Ken Moulton says:

    This looks very good. I have a similar plan short at the M4/R2 and .618 Fib. Have a good session.

    1. Daniel Chan - Forex.Today says:

      Thanks have a great trading days .

  2. Dalmas Ngetich - FOREX.TODAY says:

    I’m shorting gold too, seems to have a positive corellation with eurusd

    1. Daniel Chan - Forex.Today says:

      Thanks for your feed back . keep me learning every day

  3. Ebony Givens says:

    Thank you for posting. I am a newbie, and it helps immensely to see other people’s charts and their thought process(es). It looks like all predictions are leading to a bearish response to the Yellen Speech. But your thought process is very concise and clear!

    1. Daniel Chan - Forex.Today says:

      Thanks ,for your feedback , motivate me to keep learning .

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