Trade No 42 EUR USD short

Now I realized it is more probable to get stopped than make the profit targeted.

There is too much noise for the trends to continue etc.SO the potential has to be good and the trend should not have been over extended like right now.

Thus the rule below:

*If the market is at DAY MA 50 or 5h MA50 trend support , the upper frame MA 50 should not be more than 7 % thus the market should not be overextended.

Most of the stocks are around MA50 in the day chart but Weekly MA50 is so far away in the european stocks, the sell of accelerates easily breaking the trends easily.

For long trades US is better at the moment.

However in the US the market has already been extended for a long time so I am looking to short SP


Therefore the stop has to be far away from the entry point.
ENTRY STOP and the resistances and supports  and targets have to be decided by big picture.

EUR USD is at the major resistance in the downtrend.

Day MA50 is broken but the level is ther, so a pull back to DAY MA50 is probable with  a stop around 1.11.

60 Min MACD is negative as well.

Trade setup is below:

There  has to be at least  10% potential for stocks.

7-8% for crude oil.

3% for EUR/USD.

3% for Gold

·         The potential is the recent high /low when joining a trend and MA50 week or day for selling the high or buying the low.

The stop has to be little further than definite stop.

The lowest active trend has to be finished thus the market closes below MA50 of the lowest active trend against the trade.

*If the market is at DAY MA 50 or 5h MA50 , the upper frame MA 50 should not be more than 7 % thus the market should not be overextended.

 Open trades are below: