EURUSD - 4H - SHORT - TDI Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 3, 2017 12:52 PM

Simple setting again. EUR is bullish in all other TF higher than 4H. I will try to catch a few pips here as the TDI breakout is quite bearish.
But I will monitor this closely as soon as HA makes a green, I'm out... Maybe that will be in one hour!
GL HF

Comment

⋅ Jul 3, 2017 12:53 PM

RSI50 shall be a kind of support : if it holds, then my idea was shit. We'll know very soon.

Comment

⋅ Jul 10, 2017 9:23 PM

RSI50 did hold so I believe this was a bad idea.
However we could see a TDI break on 1H, so I continue to monitor this trade.
If this goes south I will trail-stop it quickly.

Trade closed: stop reached

⋅ Jul 11, 2017 9:08 PM

Ok, no surprises here. SL hit!

Comments

Kevinsem

⋅ Jul 3, 2017 1:32 PM

I like this play. I'm looking for a pullback in this pair. if i was entering short it, would be on a short term chart. Thanks for the share!

Bastosai

⋅ Jul 4, 2017 3:32 PM

@Kevinsem, Thanks! So far so good but I would like to book 50% around 1.131. And because EU is a carry trade I'm always fond of shorting this one.

Kevinsem

⋅ Jul 4, 2017 5:29 PM

@Bastosai, Best of luck. Looking forward to your future posts!