EUR USD Short Opportunity for 140 Pips
Looking at a Short opportunity for
EURUSD
for roughly 140 Pips
I am hoping to see price fail under the yellow 200 EMA. We will know more once price reaches it. So far, the RSI is at a good place to assume a short opportunity is coming.
I am looking for an entry around 1.14750, and are selling to 1.3250 area which will be a 50% Retracement from the D leg to the C leg of the Harmonic Pattern.
We will know more about the entry of this trade once price finally reaches the 200 EMA. There we will have a better idea of where to execute the best possible entry point.
Enjoy Trading!! :)
This is not a recommendation to take this trade, and was posted for educational purposes
EURUSD
for roughly 140 Pips I am hoping to see price fail under the yellow 200 EMA. We will know more once price reaches it. So far, the RSI is at a good place to assume a short opportunity is coming.
I am looking for an entry around 1.14750, and are selling to 1.3250 area which will be a 50% Retracement from the D leg to the C leg of the Harmonic Pattern.
We will know more about the entry of this trade once price finally reaches the 200 EMA. There we will have a better idea of where to execute the best possible entry point.
Enjoy Trading!! :)
This is not a recommendation to take this trade, and was posted for educational purposes
Trade closed: target reached:
Price did not reach our entry point, but reached TP once harmonic pattern finished forming. I expected price to reach 200 EMA, but fell short of it.