Right now we're looking at two options on EURUSD. Both of them for short trades.
The first one and the most likely one, includes another push up today, price creating a higher high and entering the reversal zone.
In this case we will make our entry only when we get a candlestick confirmation, such as long wicks or an engulfing candle.
All sell ideas are off if price breaks above 1,1910! That's also the level where our SL will be.
Tomorrow we've got the NFP and it's very likely to see some big moves.
The second option is to see price breaking below previous low straight away.
This will confirm that the upside move has now ended, therefore we will be able to look for short positions.
On both setups we will be expecting a move down to 1,1670!
The first one and the most likely one, includes another push up today, price creating a higher high and entering the reversal zone.
In this case we will make our entry only when we get a candlestick confirmation, such as long wicks or an engulfing candle.
All sell ideas are off if price breaks above 1,1910! That's also the level where our SL will be.
Tomorrow we've got the NFP and it's very likely to see some big moves.
The second option is to see price breaking below previous low straight away.
This will confirm that the upside move has now ended, therefore we will be able to look for short positions.
On both setups we will be expecting a move down to 1,1670!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
