UnknownUnicorn180388

EUR.USD - Textbook Trade Opportunity

Short
FX:EURUSD   Euro / U.S. Dollar
Currency Pair: EUR.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

EUR.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Comment:
A pullback is now underway, awaiting a clear rejection prior to an entry.
Comment:
A great trade opportunity from the Monthly all the way down to the 1hr TF, however price simply didn't consolidate deep enough for an entry.

Simply move on to the next trade opportunity, not all positions will provide you an entry.
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.