Euro / U.S. DollarShort
EURUSD Trade Scenarios as of 2/18/20
2/18/20 - 9:32am ET (UTC-5)
Still Bearish - Look to sell unless we see Sanyaku Kouten prove momentum reversal to upside on the 1hr chart.
Current Market Condition: Daily and 1hr Downtrend. Buyers still not able to push higher highs. Sold breakdown at 1.08267. Moved stop to breakeven this morning. Holding trade short with open profit for a 5:1 Risk/Reward profit target at 1.0676.
Still Bearish - Look to sell unless we see Sanyaku Kouten prove momentum reversal to upside on the 1hr chart.
Current Market Condition: Daily and 1hr Downtrend. Buyers still not able to push higher highs. Sold breakdown at 1.08267. Moved stop to breakeven this morning. Holding trade short with open profit for a 5:1 Risk/Reward profit target at 1.0676.
Private FX trader since 2010. Founder and Chief Trade Analyst.
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.
Private FX trader since 2010. Founder and Chief Trade Analyst.
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.