EUR.USD - Textbook Trade Opportunity

FX:EURUSD   Euro / U.S. Dollar
Currency Pair: EUR.USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short

EUR.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Comment: Price has now spiked into my area of interest, however i will need to see additional confirmation prior to an entry.
Comment: Congrats to those executed the position, for me personally it didn't meet my entry rules.
Love this analysis man! You have our "Like" - Here's our perspective on where we will go:
+1 Reply
TomHall TradeIndicators
@TradeIndicators, Great setup, I hope all continues to go well your end.
@TomHall, Thanks so much, you as well! Great TA!
+1 Reply
+1 Reply
TomHall I_am_7harry
@I_am_7harry, My pleasure :-)
good luck :)
+1 Reply
TomHall LiquidFlow
@LiquidFlow, Have a great week.
@TomHall according to your comments on the daily chart "potentially provide a DAY trading opportunity". What makes you think it will be a day trading opportunity instead of a swing trade opportunity for example?
TomHall Viking1225
@Viking1225, When identifying a day trading setup i'm looking for a sharp move on the Daily timeframe, after the intraday timeframes consolidate i look to trade in the direction of the Daily impulse.
Swing trading requires the Monthly & Weekly to confirm my Daily thesis.
Viking1225 TomHall
@TomHall, I got you. Thanks
+2 Reply
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