Euro / U.S. Dollar

Short

Updated

EURUSD SHORT IDEA

Explanation clear on chart

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Looks like magenta trajectory materializing. Watch for PA around 61.8% level

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Looks like we have a bounce from 50%. I will take a short here with SL 1.2315

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61.8% is still on radar. WIll add more short positions when we see bearish PA there

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imgur.com/gallery/QTr2y

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Price went through 61.8% like butter. Order wasn't filled

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Last place to see any bearish PA for short. If cyan trendline is broken upside, buy the pullback

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Conservative entry for EURUSD sell.
NOTE: SELLING MODE STOPS IF CYAN TRENDLINE IS BROKEN TO THE UPSIDE

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Sell on every rise!

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Trade active

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Price is currently stucked at the moment. Looks like we have price indecision. best to watch price actions for directions

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.