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MountOlympusFx
Feb 11, 2019 10:37 PM

EURUSD Sell: Weekly, Daily & 4hr Breakdown! Short

Euro Fx/U.S. DollarFXCM

Description



EURUSD Short Thesis

Weekly:
- Last weeks candle closed as a bearish engulfing & Marubozu signalling strong sell strength.
- Previous Lows have been taken out.
- Moving averages are still bearish.

Daily:
- Daily closed clean below 1.1300 major monthly support & ascending trendline.
- Moving averages have also crossed bearish.

4hr:
- i do now expect a pullback into 1.1300 which has now turned into resistance for a retest before continuing lower.

Trade active

Trade closed manually

-5pips. Notice double bottom reversal on 4 hour
Comments
FXCM
Great idea on EURUSD, glad that we have similar bearish bias. Please take a look at our idea and let us know what you think!

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