EURUSD: Second entry into bearish trend

11 days ago I published this post on EURUSD

in which I described my Short analysis.

To date I still have the Short position active and I am considering a second entry on the break of the low of the Daily candle of September 12th.
The breaking of this minimum would in fact cause the formation of the second negative swing (assuming that the day closes without outside) in favor of both the Weekly and Daily short structure as highlighted by my LuBot indicator.

From the image above you can see the main notes that I have described in favor of the short direction considering that LuBot had already given me 2 signals in favor and that the breaking of this minimum could cause a third.

If the day closes below then I will move the stop loss above the latest swing highs and the take profit to the next attention level in the 1.0540 area.

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TAGS: GBPUSD , AUDUSD , NZDUSD , USDJPY , USDCAD , EURUSD , USDMXN

Trade closed: target reached:

Trade closed perfectly on the target I had set for myself on the attention level at 1.0540 😁