EUR USD Short as price falls under 14 EMA Daily Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jan 28, 2020 11:58 AM

I am looking to short FX:EURUSD after it finds its support around 1.09880

After this, I expect price to fail under the Red 14 EMA shown as FX: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

⋅ Feb 7, 2020 12:51 AM

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!

Comment

⋅ Feb 7, 2020 9:48 PM