here is my eurusd short idea
its based on
marketstructure - clearly bullish - currenlty in the 4th bullish wave , created 4 higher lows
1.0720 - 1.0750 area looking weak, traded there last week and also few weeks before already but market failed to push higher
currency strength, eur very weak, usd also weak but much stronger than eur
the idea is that after the huge drop on the 15th march, market came back to retest the .0750 area to stop all short trades out which where place on the 16th, 17th and today 20th march ... because you know most traders follow trends and are on fomo so they get in the trades to fast, thats why there are a lot of stoporders laying around .0750 area which want to be collected before moving further down
im thankful to see how this setup plays out
its based on
marketstructure - clearly bullish - currenlty in the 4th bullish wave , created 4 higher lows
1.0720 - 1.0750 area looking weak, traded there last week and also few weeks before already but market failed to push higher
currency strength, eur very weak, usd also weak but much stronger than eur
the idea is that after the huge drop on the 15th march, market came back to retest the .0750 area to stop all short trades out which where place on the 16th, 17th and today 20th march ... because you know most traders follow trends and are on fomo so they get in the trades to fast, thats why there are a lot of stoporders laying around .0750 area which want to be collected before moving further down
im thankful to see how this setup plays out