Euro / U.S. DollarShort
EURUSD Time to Short
Updated
Hi guys, today I found a new possibility to short EURUSD.
In chart 1H we can clearly see an up trend trend line that has been broken (purple trend line).
This happened near the trend line that follow the down trend in the 4H and 1D chart (pink trend line).
In the middle of these two zones the price is consolidating.
My analysis predict to go short at the support break (blue rectangle) around 1.0956.
The stop loss will be put on the last swing high before the support break (I'll update the analysis).
The take profit is around 1.08855, the demand zone where started the medium term up trend (orange rectangle).
For any question or suggestion, comment below.
Thanks for reading.
EURUSD.In chart 1H we can clearly see an up trend trend line that has been broken (purple trend line).
This happened near the trend line that follow the down trend in the 4H and 1D chart (pink trend line).
In the middle of these two zones the price is consolidating.
My analysis predict to go short at the support break (blue rectangle) around 1.0956.
The stop loss will be put on the last swing high before the support break (I'll update the analysis).
The take profit is around 1.08855, the demand zone where started the medium term up trend (orange rectangle).
For any question or suggestion, comment below.
Thanks for reading.
Note
Position closed in stop loss.I have not moved it so it was in the same position as in pic.
Anyway I don't exclude the idea that the price will fall.
As you can see he is still trying to break the resistance of the trend line (pink line).
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