SSSDEV
Short

Short on rises scenario

FX:EURUSD   Euro / U.S. Dollar
188 5 6
Bulls were sorted out last friday and this week too expect a retrace before bears resurface
readers chart objective finished. booked profit. I have some in places and that is will under control for now. Better to trade after fomc . good luck
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Well. those of who are on shorts, I hope you found this chart. useful and I would take a call and bring out stoploss if need be for FOMC. or close positions with profits. good luck
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Two things to watch now 1.1355 breaks up or this goes lower 1.1280 if that breaks we see 1.1240. This is a cracker of a trade and the drama associated with this Brexit, June hike announcement (Status) and we the Support cast in this drama caught between The battle between Euro Bulls and Euro bears. I have a nervous Short and with Stoploss , in case the Bulls sneak up from 1.1355 and yes I look for buys around 1.1250 -1.1240 levels. if downside 1.1300 opens up the Support at 1.1280
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opened a short with tight stoploss and it is a cautious short. Readers need to analyse their risk taking abilities if they open a short here
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The price breached 200 hrs MA and gone down at 1.13x for now. The region 1.1355 was a difficult support and breached now. and hence downside risk towards 1.1200 levels could arise.Further 1.1300 and 1.1200 are important fibo levels CONFLUENCE . and these levels .382 OF BOTH THE UPSIDE and downside should be watched. Shorts Trade gets invalidated at 1.14. So monday , Shorts could arise
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