Euro / U.S. DollarShort
Trade 1: EUR/USD - Short - 7.6RR Ratio
Longer Time Frame Analysis - 1hr
1. We can see a clear big engulfing bearish candle, indicating a downtrend.
Shorter Time Frame Analysis - 15min
1. AMD price action
2. Bearish range bounded price action
3. Price at resistance of range bound
Entry:
1. BOS within range bound
2. Shorter EMA cross under Longer EMA
3. The candle next to breakout bearish candle closed below the price of breakout candle
Target:
T1: 1.06812
T2: 1.06620
T3: 1.06417
SL:
Above EMA cross under
1. We can see a clear big engulfing bearish candle, indicating a downtrend.
Shorter Time Frame Analysis - 15min
1. AMD price action
2. Bearish range bounded price action
3. Price at resistance of range bound
Entry:
1. BOS within range bound
2. Shorter EMA cross under Longer EMA
3. The candle next to breakout bearish candle closed below the price of breakout candle
Target:
T1: 1.06812
T2: 1.06620
T3: 1.06417
SL:
Above EMA cross under
Note
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