Euro / U.S. Dollar
Short

Potential Short to Previous Structure

88
Market has broken previous Structure , therefore potentially is a Bullish Trend.

Then we can see DT forming and a RSI bearish divergence

So Whats our game now ?

Potentially market may do a retracement back to previous structure, the previous structure is align with the fibs retracement of 38.2...

From there.... market may either retrace further or bounce on that level.


WHat im planning todo when the market open is that, depending on the R:R level.... if its favourable.. going to take a quick short position .....


Note : depending on the R:R only when its favourable ;)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.