PriceActionTrading
Short

EURUSD SHORT H1 D1

FX:EURUSD   Euro Fx/U.S. Dollar
236 7 11
D1 FAILED TO CLOSE ABOVE 1.12.
MULTIPLE PAIRS CONFLUENCE SHOWS THAT MOST USD PAIRS HAS BEARISH BIAS. AUD/GBP/NZD USD PAIRS HAS TUMBLED. HOPEFULLY THIS WILL TOO.
PRICE IS STARTING TO CLOSE BELOW THE H1 50SMA AND 20SMA. COULD IMPLY DOWN IMPULSE IS STARTING.
KEEP YOUR STOP ABOVE THE H1 50SMA ALWAYS. PRICE HAS A TENDENCY TO BE REJECTED FROM THE 50SMA ON THE H1 IN NON-RANGING MARKET.
H4 AND H1 RSI (14) SLIGHT DIVERGENCE. THOUGH I CONSIDER H1 RSI (14) TO HOLD LITTLE SIGNIFICANCE.

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THIS WEEK IS A GOOD WEEK TO TRADE IN MY OPINION I AM SEEING A LOT OF OPPORTUNITY IN A LOT OF PAIRS.
Hey price action, I am currently waiting on daily retest of 1.1000 broken level in order to get long. Will stay cautious with this pair. It's difficult to identify the short term trend for now, well at least for me. You might have already figured it out :)
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Yes longing at 1.1000 seems very valid too. I am shorting this because of all the W1 pin bars found at AUDUSD NZDUSD GBPUSD. Short term trend for USD pairs seems quite figured out to me, bearish. But sell on strength though.
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Trade is on its way now. Looking to place SL at BE to put my mind at ease once H1 goes a bit lower during the london session.
Also looking to scale in on the H1 scale using the 20SMA as floating resistance.
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Price has closed below H1 50SMA 20SMA consistently now. Exit trade only if solid close above 50SMA H1.
Trading this H1 SMA strategy uses floating stop loss above/below the H1 50SMA.
once price breaks above 50SMA it is safe to say that this trade is no longer valid on the H1 short term scale.
I would call this riding the H1 SMA wave.
snapshot
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Price at TP1. Can consider closing some and reopening if price manages to bounce from H1 50SMA again. I am moving SL to BE. Looking for 1.1010 zone.
snapshot
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PriceActionTrading PriceActionTrading
well closed at BE. Was a good run though. No loss.
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