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DubbsyFX
May 27, 2022 11:21 AM

EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

Strickly based off of technical analysis here.

Price did hit and touch the daily support zone for a double bottom.
Price came back up to the trend line resistance area.
I would look for a reaction off the trendline and confirm a move downward.


1 Hour chart showing resistance to that area.


15 Minute chart showing that selling pressure. If price can fully break that 50ema and trendline, that should be confirmation to go short to the 1.04900 area.

Trade active



In short position @1.07409. Currently up 45 pips.

Trade closed manually


Closed trade 1.07409 - 1.06891. Almost 52 pips. It might get caught at this level. On the 4HR chart price is meeting at the 50ema and 200ema.
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