livingliving
Short

EurUsd Sell set-up

FX:EURUSD   Euro / U.S. Dollar
Hello, Everyone.

First off, Thank you for so much positive feedback I really appreciated.

Now, on the Weekly time-frame, you can clearly see that Eu is on a strong PRZ level 38% and that indicates strong buyers trying to take over.
However, if we look at the MA and ema's we see that sellers are having a big influence on the market with that 700 pip drop and daily we see the 61% (green box) as a strong S&R

I will share more about this move as it develops.

Thank you,

Also if you're new please don't hesitate to ask for her, I would love to be the second set of eyes on your charts.
From which point should we open short position?
+1 Reply
livingliving shuvomahfuz
@shuvomahfuz, Hey, so I see a buy on the weekly level of 38% but I only see it going around the 1.2000 area, after that, I see a retracement on the Daily timeframe to the 61%(1.2000) sell when you either see a bearish engulfing candle or variation on the daily.
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shuvomahfuz livingliving
@livingliving, ok thanks
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