EURUSD Hello all! It's been a short minute through the weekend and thus far we've let the trades run themselves.Today we have a good shot for a short. Recent movements have been impulsive and have left massive imbalances at certain areas. On the Weekly and Daily TF, there is a weakening sign for bullish continuation but upon analysis of the 4 HR, we can observe cracks in the lines with a hidden bearish divergence at play.
In terms of Macro conditions, the US has previously determined the need for an increment in interest rate hike at the previous announcement in which they determined a rate hike halt. If the rate hike is above 5.5%, we go long on
EURUSD but, if the rate hike is below 5.5-5.25% we short, if we are below 5.25% we short even more and more. Entries are on the chart. Will make two entries if SL is hit. All the best!
Trade closed: target reached
Beautiful trade, couldn't have gone better.
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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.