HumairDawood

EURUSD - Short Setup

Short
HumairDawood Updated   
FX:EURUSD   Euro / U.S. Dollar
Hello everyone,

a lot people ate SL's on EURUSD including big traders and firms so i worked on my charts to find some place to short it.

- Either the price reverses from 2016 or 2015 highs, short.
- Wait for confirmation before you take your positions.
- Use SL above both highs
- Take 2 positions, close one with small profit, and keep 2nd one until 1.0970, 50% Fib level.

It is only an idea based on my experience, use your own strategy to trade.

Hit like )

Trade with care!

Thanks!
Comment:
USD keeps falling and EUR gains after ECB notes. Trade with care!
Comment:
False break out? need to see if it retests previous high, it may take a while. Trade with care!
Comment:
Pair is still bearish

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