Euro / U.S. DollarShort
EURUSD Short in clear down trend
EURUSD is in a clear down trend. A long tailed bearish bar formed on a support and resistance area. This should give a high probability for a continuation of prices moving down at least to previous low, but maybe even further to the next and lower Support and Resistance area. I will enter at a break lower targeting 2R for take profit. I will monitor the trade, if it is triggered, especially around the previous low.
I have made the following entry in my trading journal:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-01 EURUSD Short With trend Down Horizontal Resistance Long Tail break
I have made the following entry in my trading journal:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-01 EURUSD Short With trend Down Horizontal Resistance Long Tail break
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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.