Recent Posts

Selling EURUSD 19/9/2017

I have really been on fire lately, my winning trend is upon me so I want to maximize my returns will my "mouse" is hot! Today I started selling EURUSD again (after earning a little over 100 pips on last weeks sell on the same pair).

This trade idea was released to our premium members a few hours ago so I thought it's time to share it with the rest of the traders too.

For this trade idea we will be looking over the daily and 4-hour charts. Now before I continue I need you to keep in mind that tomorrow at 18:00 GMT the FOMC will have it's big meeting. I say big because it comes with the "dots" and a press conference and a lot is expected from the FED during this meeting and since its mainly good news I think that this will give a boost to the USD, at least until the meeting begins.

Let's start with the daily chart,

As you can see above, EURUSD is trying to form a head and shoulders pattern, if today's price action does not break the 1.20 area by a lot then selling could be a reality for tomorrow's FOMC meeting.

As you can see my TP is all the way down at the target zone, so my risk/reward is looking great if this turns out to be a head and shoulders pattern.

Let's look at the 4-hour chart and see why I am already selling the pair.

As you can see the white line supports the idea to short the pair in the current area, but in my honest opinion the best price you can get it and achieve maximal profit is where the white line meets the yellow zone.

I am already in the trade, so far it's up and down but my charts show a lot of potential for strong downside movement.

I trust the FED will make it rain tomorrow!

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Stay Connected

  • Black Facebook Icon
  • Black Twitter Icon
  • Black Instagram Icon
  • Black YouTube Icon

Member of Double D Ventures


Disclaimer: Any Advice or information on this website is general advice only. It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided by PipsMatter, or anyone associated with PipsMatter.


High-Risk Warning: Online trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of trading in forex, futures, commodities, cryptocurrencies, shares, and options and be willing to accept them in order to trade in these markets.


Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade or invest with borrowed money or money you cannot afford to lose.


Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.


Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

© 2016-2019

© PipsMatter Copyright