Euro / U.S. DollarShort
EUR/USD - Short Trade
Hello dear traders!
Here's a Short Trade Idéa I've been looking at.
So, EUR/USD has really been on BIG uptrend all the way until it came closer to the April 2018 Top.
Since then price has been going up until it made a drastic fall. It then consistently made Lower Highs
indicating signs of Bearish Market.
Here's the two possibilities I'm thinking:
1. Price goes down to the (-0.27) extension after breaking recent Support.
2. Price Re-Tests the area it just broke and breaks it again, going bullish.
Personally I think option #1 will be what's gonna happen. Due to the fact that it broke the 200 EMA
on the 4-hour chart confirming it is currently downtrend, I don't really think it will recover from that
any soon.
Stop Loss #1: 1.21160
Stop Loss #2: 1.21060
Stop Loss #3: 1.20985 <--- Current Stop Loss
Thanks for reading, hope you liked the idéa.
Good luck!
Here's a Short Trade Idéa I've been looking at.
So, EUR/USD has really been on BIG uptrend all the way until it came closer to the April 2018 Top.
Since then price has been going up until it made a drastic fall. It then consistently made Lower Highs
indicating signs of Bearish Market.
Here's the two possibilities I'm thinking:
1. Price goes down to the (-0.27) extension after breaking recent Support.
2. Price Re-Tests the area it just broke and breaks it again, going bullish.
Personally I think option #1 will be what's gonna happen. Due to the fact that it broke the 200 EMA
on the 4-hour chart confirming it is currently downtrend, I don't really think it will recover from that
any soon.
Stop Loss #1: 1.21160
Stop Loss #2: 1.21060
Stop Loss #3: 1.20985 <--- Current Stop Loss
Thanks for reading, hope you liked the idéa.
Good luck!
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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.