Get started
glennmercer

EURUSD Short: Continuation after FOMC Dud

Short
Euro / U.S. Dollar (FX:EURUSD)  
glennmercer Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns EURUSD euro glennmercer gmercerfx
12
0
trendanalysis chartpattern eurusd euro glennmercer gmercerfx
Hey traders, not a whole lot of volatility after the FOMC minutes. I like the rejection of the dollar weakness afterwards and the price action says a nice R/R is in order short from here. Targeting larger pattern .382 retracement with SL above MA cluster. Cheers
Comment:
For what it's worth, here's a brief EW breakdown on the 1m chart. The bearish impulse is the price action which triggered my short.
snapshot
Comment:
1m Update: Looks as though correction may be complete
snapshot
Trade active
Trade closed: stop reached:
Eyes are now on the BOE rate decision and monetary policy discussion. Cheers
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.