Short on rises scenario

FX:EURUSD   Euro Fx/U.S. Dollar
188 5 6
Bulls were sorted out last friday and this week too expect a retrace before bears resurface
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
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
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
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
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
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out