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Rendon1
Nov 18, 2021 10:34 AM

EURUSD short, possible rejection Short

Euro Fx/U.S. DollarFXCM

Description

Pair in downternd. Based on 8H chart I can see potential rejection in 1,13500-1,13600. Don´t enter at entry line blindly. Don´t FOMO. Price will go above the entry line example tp 1,13700(false breakout). Wait till it closes back under entry line or under the previous candle. Look for rejection candles on 4H or 8H chart (bearish engulfing, evening star). SL is 1 ATR from daily. Alternatively you can use 1,2 ATR but there is worse RR ratio. This is not a financial advice. Good luck.

Comment

Enter now at current market price. 1.1348

Comment

If you have open trade close 50% at 1,12966. Possible pullback. Don´t be greedy, don´t let your profit to dissapear.

Comment

TP 2 done.
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