EUR USD Short as price falls under 14 EMA Daily
I am looking to short
EURUSD
after it finds its support around 1.09880
After this, I expect price to fail under the Red 14 EMA shown as
EURUSD
is in a bearish trend
If price goes above the 14 EMA, it will then test the 50 EMA (shown in blue) which I would expect it to fail and remain bearish
Your entry point would be executed once you saw the evidence of price failing under the 14 EMA with wicks
I have drawn out what I am expecting this move to do for you
This trade is for educational purposes only, and not a recommendation to take this trade based on my charting
EURUSD
after it finds its support around 1.09880 After this, I expect price to fail under the Red 14 EMA shown as
EURUSD
is in a bearish trend If price goes above the 14 EMA, it will then test the 50 EMA (shown in blue) which I would expect it to fail and remain bearish
Your entry point would be executed once you saw the evidence of price failing under the 14 EMA with wicks
I have drawn out what I am expecting this move to do for you
This trade is for educational purposes only, and not a recommendation to take this trade based on my charting
Trade closed: target reached:
Price pushed past the 14 EMA, & challenged the 50 EMA but failed to continue resulting in the bearish push.
Hope you benefitted from this trade!
Hope you benefitted from this trade!
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