EURUSD / Looking to short after Price Breaking previous Low
Updated
2018-5-10
1. Eur/Usd has previous broke down the Daily Support (Red Line) after Consolidating for 2 months.
2. Price just took down another Previous Low (Purple Line)
3. We look to Short this trend on a lower time frame
1. Eur/Usd has previous broke down the Daily Support (Red Line) after Consolidating for 2 months.
2. Price just took down another Previous Low (Purple Line)
3. We look to Short this trend on a lower time frame
Trade active
1. A Gartley Pattern completed right inside the Resistance Zone
2. We took an aggressive Short
TP#1 at Fib 0.382 Retracement
TP#2 can be set at Previous Low/beyond since the market is trending down
Stop Loss above X-Leg
Trade closed: target reached
TP#1: Reached +18 pips
Trade closed: target reached
TP#2: Reached +200 pips
Trade active
We will be closing monitoring how the price reacts to current level. If price drops and breaks below, we will be looking to hop on the down trend again.
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