Mogwaison40
Short

EURUSD Short Opportunity This Week

FX:EURUSD   Euro / U.S. Dollar
EURUSD put in a double top formation on the daily chart back on Feb 16. Subsequently, there was a lower high put in on Mar 7 and reconfirmed on Mar 8 @ 1.2445/1.2446. I am interested in a short position in the area of 1.2445 - 1.2400 with targets @ 1.2190 - 1.2150. I will be waiting for candlestick confirmation on the 4HR chart within the 1.2445 - 1.2400 area to place this trade. I will be employing a 30 to 50 pip stop loss on this trade as it is counter to the daily uptrend.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out