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DrBear

EURUSD Stage two

Short
Euro / U.S. Dollar (FX:EURUSD)  
DrBear  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis EURUSD XAUUSD GBPUSD Gold short scalp swing Contains image
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trendanalysis chartpattern fundamental eurusd xauusd gbpusd gold short scalp swing containsimage
Hi team

Please see related post for in depth analysis of this pair and associated news and fundamentals.

This analysis relates to stage 2 - initial scalp sell.
We almost always see a significant rejection followed by a period of retracement prior to any major impulse. Keep your SL tight as invalidation level is clear above descending channel resistance.

I would advise to TP Scalp here, and hold other short entries stop loss break even (SLBE) for swing/medium terms sells.

Thanks!

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Be kind, trade safe


DrBear
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