(Trade Setup): Potential +126 Pip Sell on EUR/USD - Forex Anatomy

(Trade Setup): Potential +126 Pip Sell on EUR/USD

Hello Traders!

I am posting another potential 🔔 sell opportunity in EUR/USD for a ~126+ pips trade.

If price breaks above the 1.1946 level, and completes a 3-wave correction into fresh supply at the 1.2000 Psychological/Institutional level (1.1986/2025 resistance zone), then look for an opportunity to sell EUR/USD to target 1.1859 upon bearish confirmation.

⛔️Stop Loss – Between 50 to 58 pips

🎯Take Profit – ~126 pips or 1.1859

 


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About the Author Marvin Perry

Marvin Perry has been an active trader within the Forex market since 2010. He attended the University of Illinois in Urbana/Champaign, and graduated in 2002 with a double major in Cell and Structural Biology and Chemistry. He currently serves as an FX instructor & Quantitative Analyst for the Forex Anatomy Private Trading Community called "The Lab", where he conducts live weekly trading webinars & instruction on Fundamental Analysis & Inter-Market Interpretations of dynamic asset classes and their influence on currencies.

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