Context:
• DXY has upwarts potential: Supports short in EUR/USD
• Monthly neutral
• Weekly neutral to bearish bias
• Daily one confirmed bearish swing, respected daily FVG and disrespected bullish FVGs. Broke through prev. day low and took out weekly demand. Closed below these lows
Ideas / Entry:
• Short in the 4h-FVG
→ Shown with black arrow
• Preferred: Short around 1.072 which is in the area of the broken lows with 1h Reversal setup
1) Blue arrows: Reversal with respecting lower 1h-FVG. Look for entry on LTF, for example 5min-15min
2) Orange arrows: Last resort and higher risk! Needs strong and confirmed reversal on preferred 15min.
Scenario invalidated:
• 4h Close above 4h FVG
• Break above 1.0745
• High caution if 4h close above broken lows around 1.072! Immediate reversal needed (confirm on LTF), otherwise cancel trade
Stop
• Above your entry signal or 1.0745 if traded on 4h
Take Profit(s)
• 1st at daily low around 1.067
• 2nd around 1.065
• 3rd around 1.06 (optimistic)
Please feel free to comment!
• DXY has upwarts potential: Supports short in EUR/USD
• Monthly neutral
• Weekly neutral to bearish bias
• Daily one confirmed bearish swing, respected daily FVG and disrespected bullish FVGs. Broke through prev. day low and took out weekly demand. Closed below these lows
Ideas / Entry:
• Short in the 4h-FVG
→ Shown with black arrow
• Preferred: Short around 1.072 which is in the area of the broken lows with 1h Reversal setup
1) Blue arrows: Reversal with respecting lower 1h-FVG. Look for entry on LTF, for example 5min-15min
2) Orange arrows: Last resort and higher risk! Needs strong and confirmed reversal on preferred 15min.
Scenario invalidated:
• 4h Close above 4h FVG
• Break above 1.0745
• High caution if 4h close above broken lows around 1.072! Immediate reversal needed (confirm on LTF), otherwise cancel trade
Stop
• Above your entry signal or 1.0745 if traded on 4h
Take Profit(s)
• 1st at daily low around 1.067
• 2nd around 1.065
• 3rd around 1.06 (optimistic)
Please feel free to comment!
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.
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.