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Euro / U.S. Dollar
Short

EURUSD SHORT

By AkosD
Updated
Looking for a continuation short. I believe a hidden bearish divergence has formed on the hourly. The price has pulled back to the 38% level after the recent decline. I will take a short position here-ish.

Good luck !!
Trade active
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Still in this trade... added another position which I will make risk free asap

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....tighter stop loss, better entry... Trying to get a good entry is my new irritation lol, I know we cannot be perfect but I do endeavour to be a better entry selector haha
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The price came close to my SL but I’ve taken a third risky position since the price has formed a neat double top on the 1-4hr charts. With this double top sitting at the 71.8% fib area plus the bearish divergence on hourly , I am encouraged to keep this basket of trades for now.

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Trade closed: stop reached
closed all positions on this high risk trade.
-100pips
-57pips
-41pips
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-198pips loss (-1.5%)

Better analysis next time !
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Trust the pair to give up the pips after I close my positions booo !!!!

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bearishdivergenceChart PatternsEUREURUSDeurusdbearisheurusdselleurusdshortOscillatorsselleurusdshorteurusdTrend AnalysisUSD

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