EURUSD Short Term Short near 1.2360 - 1.2385 Region
EURUSD last week was showing a strong upwards movement at the beginning of the week, a strong support was found at the 1.2310 region and thus EURUSD managed to rise again at the beginning of this week (16/4/2018). However, a quite stop at 1.2410 region and EURUSD start to move sideways by then, a strong indication of buying power had been consumed.
With the following details that I've noticed in H4 chart as below:
1. Divergence at MACD & OsMA.
2. Volatile trend.
3. Short Term Resistance near 1.2360 + Supply ZONE.
At last, I'm gonna hold this trade for no more than 2 days with trail stop by around 40 pips.
With the following details that I've noticed in H4 chart as below:
1. Divergence at MACD & OsMA.
2. Volatile trend.
3. Short Term Resistance near 1.2360 + Supply ZONE.
At last, I'm gonna hold this trade for no more than 2 days with trail stop by around 40 pips.
Trade active
Order triggered and move SL to BE. 40 pips in hand now!Trade closed manually
Closed at 40++ pips.
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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.