PriceActionTrading
Short

EURUSD SELL STRAIGHTFORWARD TRADE WITH CONFLUENCE

FX:EURUSD   Euro Fx/U.S. Dollar
770 12 7
THIS TRADE IS STRAIGHTFORWARD. TRADE IS AT THE OPTIMAL RISK REWARD CURRENTLY WITH STOP LOSS AT 1.0800. IF H4 MANAGES TO CLOSE ABOVE THAT LEVEL BEARISH SENTIMENT IS ALREADY INVALIDATED. THUS IT IS VERY SAFE TO PUT THE SL THERE.

PRICE IS CURRENTLY AT THE 61.8% OF A 61.8% OF A WAVE DOWN.

CONFLUENCE:
H4 200SMA
H4 20SMA
61.8% FIB
D1 20SMA
EUR IS OBVIOUSLY WEAK, ANY RETRACEMENT SHOULD BE SOLD.


200SMA RESISTANCE SHOULD ALWAYS BE RESPECTED, WHETHER IT IS H4 OR D1.
D1 REPRESENTATION
snapshot
+1 Reply
TheShakeOut
2 years ago
Be cautions, the EUR is showing strength on the daily chart
EURUSD is showing strength: Hidden buying above support area.
+1 Reply
TheShakeOut TheShakeOut
2 years ago
cautious*
Reply
moneymaking
2 years ago
Hey price action, I am short on this pair as well. Thanks for sharing and good luck :)
Reply
If price closes like this for the next H4 bar in 10min time, we may see ourself hitting TP1 sooner than we thought.
snapshot
+1 Reply
moneymaking PriceActionTrading
2 years ago
Do we also have a bearish engulfing candle?
Reply
PriceActionTrading moneymaking
2 years ago
A bearish engulfing formed on the 200sma if that is what you are asking.
+1 Reply
moneymaking PriceActionTrading
2 years ago
Ya, it formed at the 200 SMA. Another extra bit of conformation to enter short :)
Reply
I think you will get it . Hope so.
Reply
PriceActionTrading Technician
2 years ago
Thanks Tech, means a lot coming from you.
+1 Reply
jotforex
2 years ago
Is it good time to short now?
Reply
PriceActionTrading jotforex
2 years ago
No. its too late. Look at GBPUSD now. NOW. you could consider going short that pair.
But of course, do your own analysis first.
Reply
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