Short

EURUSD Sell Setup

Updated

Price has been in a consolidating pattern for over a week on EURUSD. Last week (3rd week of January) saw a distribution pattern emerge. We have currently made a HH after a strong bearish impulse to 1.0782.
I would be watching for breaks in structure now as the signal to sell to 1.0603.

*As always, trade cautiously.

Trade active

I took my sell entry. Would keep watching to manage the trade.

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There's going to be a pullback, trade cautiously.

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I might be looking for a buy setup to sell entry in NY session.

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I took a buy position to sell entry.

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hmmm, there might be a pullback

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I would be expecting a pullback into NY session.

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Buying...

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All trades risk free.

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hmmm, this is not good. Price doesnt look like it would break the recent high. I would wait for a 5mins, retest to close the buy positions, and sell.

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This is what I am expecting.

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Entered.

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I took another entry

Trade closed: target reached

Tp'd And EURUSD sell is confirmed.

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I would be expecting this price action to preserve the bearish momentum.

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I am waiting for LIQUIDITY to be taken out, then I would sell on BOS lower.

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I am monitoring these entries, but I have entered sell positions.

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took new entries.

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closed my positions yesterday, SL hit my BE.

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I would be watching for price reversal at this zone.

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Price action is making me consider price doing this:

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Holding to TP.

Trade closed: target reached

TP'D. Would be watching for reversal now.

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I am waiting to see if this high would be broken to confirm bullish momentum. Overall, it is still a distribution pattern.

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Currently, I am still watching, but my sell bias is over.

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Last trade setup for the day and hopefully for this sell analysis.

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cancel the last setup

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Good morning

Trade active

Trade closed: target reached

My Sell bias for EURUSD is over.

SwingingPrime

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