EURUSD_Will the trend continue?_Good trades ahead.
Updated
U.S. Dollar is moving up after finding new strength in Americas political scene. This pushes all XXX/USD pairs down. Our indicators have been firing shorts on EURUSD for the past two weeks. A major level was breached at 1.21500 and price literally hasn't looked back.
This is one of the strongest trends forex markets have seen in awhile. Be prepared for continued USD strength and thus short EURUSD and long USD/XXX pairs such as our favorite USDJPY. The thing is we don't just jump in to pullbacks because our level has been met. We wait for rejection and verification or major sell signals such as pin bars, shooting stars and engulfing candles.
The hourly shows a decent trade outline that I plan on trading if conditions are met. Entries and exits will be posted...
Disclaimer - If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
This is one of the strongest trends forex markets have seen in awhile. Be prepared for continued USD strength and thus short EURUSD and long USD/XXX pairs such as our favorite USDJPY. The thing is we don't just jump in to pullbacks because our level has been met. We wait for rejection and verification or major sell signals such as pin bars, shooting stars and engulfing candles.
The hourly shows a decent trade outline that I plan on trading if conditions are met. Entries and exits will be posted...
Disclaimer - If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
Note
Price is near our entry level and hourly chart about to fire a tweezer tip sell signal. Stay tuned Trade active
Getting short into the US open.Note
EURUSD is looking good into the lunch hour. Trailing stop hit. 30% of the position was closed earlier to cover fees and commissions. Free trade now.Note
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