Forex Trading Ideas & My Best Forex Robots

EURUSD after the breakout strong support level at 1.1700 went lower to 1.1570 and backed near 1.1700 where is now large sell area. After this, price slightly increased last low and back to sell area at 1.1660-1.1700. Looking for a higher timeframe charts EURUSD looks like it will continue fall. Also looking for a political and economic events in USA we are expecting that US Dollar should be stronger. We are waiting for a supply acitivation in sell area to open sell at a good price.

At the end of october EURUSD has broken out significant support level at 1.17000 and price remains below untill now. Of course 1.1700 is now resistance level. After the breakout price has gone lower for near 120 pips and as usually back to test recent support zone. We have expected that price touch 1.1700 level or go just above but it turned just before created two bearish pinbars. We missed our opportunity to open sell trade in the previous week, but see on chart that price is closed in range between 1.1580 - 1.1700 and expecting that price will back to 1.1700 where is sell zone. There we will open sell order.

EURUSD has broken out strong support level at 1.1700 in 26 october. Long daily falling candle is showing a big advantage over demand, so in our forex trading idea we are expecting further price down movement. Those who are using chart patterns also can find on chart head and shoulders pattern, where neck line was broken and price could even go to 1.14000 level. In most cases price after the broken out a significant level likes to back to test broken levels and we are patient in our forex trading and still waiting to price will back to 1.17000 area to open sell trade.