This is my analysis of EURUSD to short.
NOTE:
- The Stop Loss is set to above the previous 4 hour candle's high, for this current anticipated trade opportunity at the 1.21250 zone. The profits, would be anticipated to be taken at any of the shown green-highlighted, levels labeled 'KEY LEVELS to secure profits.'
- The main idea of this analysis, is that I anticipate for a trading opportunity to short this pair, to occur at any of the shown red-highlighted levels labeled 'KEY LEVELS to short.' So even if the the stop loss is hit and EURUSD continues up, this analysis is still active, and I would anticipate for the next possible level for a trend reversal to occur at would be 1.21500 or 1.21750.
ANALYSIS Reasoning & Confluences
- I will be positing a video to my trading view ideas for this trading analysis, in which I will explain my reasoning behind my analysis. Please navigate to that for my reasoning behind this analysis.
NOTE:
- The Stop Loss is set to above the previous 4 hour candle's high, for this current anticipated trade opportunity at the 1.21250 zone. The profits, would be anticipated to be taken at any of the shown green-highlighted, levels labeled 'KEY LEVELS to secure profits.'
- The main idea of this analysis, is that I anticipate for a trading opportunity to short this pair, to occur at any of the shown red-highlighted levels labeled 'KEY LEVELS to short.' So even if the the stop loss is hit and EURUSD continues up, this analysis is still active, and I would anticipate for the next possible level for a trend reversal to occur at would be 1.21500 or 1.21750.
ANALYSIS Reasoning & Confluences
- I will be positing a video to my trading view ideas for this trading analysis, in which I will explain my reasoning behind my analysis. Please navigate to that for my reasoning behind this analysis.
Trade active:
The Trade is now active. It is still possible to reenter on this trade, with a higher probability of win rate.
For an entry with a standard probable win-rate, execute a trade once the price has rejected the 4 hour level of 'previously-broken-support', which is identified in roughly the 1.21400 to 1.21500 level. The rejection is considered valid, in the event of a 'closed-bullish candle', that consists of more candle 'wick', than 'body' of the candle. The 'wicking' must scale to at least the 1.21400 to 1.21500 level, and the 'wicking' must be more prevalent on the top half of the candle than the lower half of the candle.
For an entry with a higher standard of probable win-rate, execute a trade, if the price breaks the most previous candle low and the next available level of support, being 1.12010, WITHOUT a confirmed retest at the 'previous-level-of-broken-support', that is characterized by a 'closed-bullish-candle', that has wicking within the 1.21400 to 1.21500 level. Price must then move back and reject against the 1.21400 to 1.21500 area in the form of a 'closed-bullish-candle'. This should be the first rejection of the 1.21400 to 1.21500 area as well (within the 4h timeframe.)
For an entry with a standard probable win-rate, execute a trade once the price has rejected the 4 hour level of 'previously-broken-support', which is identified in roughly the 1.21400 to 1.21500 level. The rejection is considered valid, in the event of a 'closed-bullish candle', that consists of more candle 'wick', than 'body' of the candle. The 'wicking' must scale to at least the 1.21400 to 1.21500 level, and the 'wicking' must be more prevalent on the top half of the candle than the lower half of the candle.
For an entry with a higher standard of probable win-rate, execute a trade, if the price breaks the most previous candle low and the next available level of support, being 1.12010, WITHOUT a confirmed retest at the 'previous-level-of-broken-support', that is characterized by a 'closed-bullish-candle', that has wicking within the 1.21400 to 1.21500 level. Price must then move back and reject against the 1.21400 to 1.21500 area in the form of a 'closed-bullish-candle'. This should be the first rejection of the 1.21400 to 1.21500 area as well (within the 4h timeframe.)