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Forex48_TradingAcademy
Aug 24, 2023 12:29 PM

EURUSD Short trade after news! Short

EUR/USDOANDA

Description

On EURUSD, we have a bearish setup supported by a strong H1 trendline which started this morning after a price retracement following yesterday's negative news from the Eurozone. I've highlighted a yellow area where the price could retrace before pushing lower again. Of course, I haven't entered the trade since we will have US Dollar data in a few minutes, and I preferred not to take the risk. My setup involves entering in the range of 1.06-1.07 with a target at the H4 swing low level of 1.0796. My stop will be at the swing high level of 1.0880. Happy trading to all!
Comments
Forex48_TradingAcademy
Hi traders! What do you think about it?
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