JinDao_Tai

EurUSD, potential reversal

Short
JinDao_Tai Updated   
FX:EURUSD   Euro / U.S. Dollar

From yesterday, today and the days ahead, we do not see much economic news being scheduled. While this makes trade planning more difficult, the prudent thing will be to follow the trend (up to key levels), identify potential events which could trigger a short/medium term reversal.

Yesterday we see the USD weaken across the major currency pairs, with the move reversing today.
Biggest reversal so far is in the GBPUSD, dropping 120pips so far.

Several trades indicating continual reversal (technical play) but as all counter trend trades, exercise extreme caution.
Comment:
a better managed stoploss would have made this a perfect trade setup

another example to use these setups as trade ideas, rather than trade signals

Free trading community: discord.gg/b7X35tDD4T

Trading Course in Dubai www.jindaotai.com/apt-june
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.