EU Short Term Reaction Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Apr 18, 2024 8:15 AM

I'm expecting to see a short term downwards reaction on EU today.

Reasons:
- Test of 1h 200 EMA
- Retest of low created last Thursday
- Retest of psychological 1.07 level
- Expecting downwards move to retest 1W trendline

Trade set:
- Entry: 1.07
- Stop Loss: 1.071
- Take Profit: 1.066
- RR: 1:4

Will update specific entry, SL and TP as my order gets filled. Follow for more daily trade ideas.