GlobalYouthTrading
Short

EURUSD GOING SHORT?!

FX:EURUSD   Euro / U.S. Dollar
Good morning traders,

With the latest news in EUR when we could see that the output growth is at a near six-year low, it opened some doors for us to do a short position.
As you can see we failed to break the monthly key level, with a clean and impulsive candle to the downside, after a little correction stage and this EUR news helping, the hourly support was also broken, and now we can start to look at it as a resistance level , if we see a clean retracement closing bellow our ex-hourly support, we could open a short trade with the target around 1.1240, you can also look for better entries in the lower timeframes, such as 30M and 1H.

Best of Lucks,

GlobalYouthTrading


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Mar 22
Trade active: Looking at a lower timeframe (15min) you can see that the correction was broken, and we are on our way to the target! Hope you all caught the entry!
Mar 27
Trade closed: target reached: Target reached, super successful trade!
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