ScottMescudiForex

EURUSD : WEEKLY TIME!

Short
ScottMescudiForex Updated   
FX:EURUSD   Euro / U.S. Dollar
Hi traders!

Let's keep this one short. EURUSD finally topped @ 1.20 this bullish run. Some correction is clearly due. What are we seeing right now?

  • SYMMETRICAL WEDGE BROKE DOWN
  • UPTREND CHANNEL BROKE DOWN
  • MACD CROSSING ON THE WEEKLY
  • DXY FINALLY BREAKING RESISTANCE

For these reasons, here's what I suggest:

EURUSD SHORT:
ENTRY : 1.1807
SL : 1.18964
TP 1 : 1.16533
TP 2 : 1.14566

Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Comment:
The drop has started!!

Pushing for that 100 pips... let's go!

SL in profit to protect those early gains!
Trade closed: stop reached:
!!

Price touched me SL in profit. A smaller gain than expected but still a win!
Trade active:
!!

Students were updated accordingly.

We enter again when it went to touch the 0.5 FIB

Entry @ 1.1824 approx
Trade closed: target reached:
Touched trailling SL ! Made 62 pips! Success!
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