[EURUSD] End of the week analysis for ICMARKETS:EURUSD by AACA-

[EURUSD] End of the week analysis

Its friday. EURUSD is bearish long term due to crumbling EU economy and strong $.

If we want to see a bearish price action next week:
- Price must close preferably below previous week high

Short entries above 1.084 targeting previous week high.

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I shorted this bearish engulfing 15m candle after it formed during London after raiding Tokyo highs

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closed 50% @ around 2rr for 1% before news SL now BE

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set TP to 3r @ 1.0816

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ive seen this PA before. Check link

-date Aug 11 Friday 2023 (its also friday today)
-p.s. i remember the exact day & price action because i made some good bread that day.
-if Aug 11 PA will happen today
-Price will reach 1.0807 then bounce retrace for N.Y. wallstreet to enter then waterfall

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will reenter shorts if N.Y. presents a good price.

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taking this 3rr off the market

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targeting previous week high which is also daily low of yesterday.

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N.Y. Short entries

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SL hit previous entry 1st position 1% 2nd 0.5%
total daily profit 2.5%

1% risk Reentered short

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closed this one on 0.5% profit

total daily profit 3%

AACA-

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[EURUSD Analysis] Intraday Long 6% target

by AACA-

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