erikgtFX

short forex strategy

Short
FX:EURUSD   Euro / U.S. Dollar
we have created big moves down with lower highs and lower lows telling us to look for short positions . we wait for price to pull back up to our area with price has reacted well in before and used as a support and resistance level.

we wait for conformaitons in the 5 min time frame and target the recent low
risk 2%

the EMA also supports the short here

key level is also strong following the 1.053 area
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