Breaking out EMA and death-cross, possibility EURUSD going short
EURUSDDeath-cross EMA following by breaking out EMA trend. It's possible that EURUSD will change its trend and going short.
From price action in recent candles, we see a couple of rejection. Thus, we can expect a little pullback to the previous key level, and, subsequently, we can enter the trade there for 1:2 RR to the nearst support
Note
Perfect entry and running smoothly. The price is breaking out 121.11. We can expect a further price movement to the nearest resistance (TP)
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.