Looking to short EURUSD here pretty soon.
Price and RSI are diverging on the Daily.
We have a key trend line that price may reach up and tap.
The key entry level is 1.168 of the most recent swing. Also, the key entry is .786 % retracement of the entire range that EURUSD has been in for the last year. This level is very key as you can see just looking to the left of the chart. Seeing that the fed is indecisive, I feel as if we will range longer, hence the short position. Therefore I am taking profit at the Daily order block which is below the previous low (strongest order block). The stop is above the closest high (1.15005) Entry at 1.14573 TP @ 1.11348
Price and RSI are diverging on the Daily.
We have a key trend line that price may reach up and tap.
The key entry level is 1.168 of the most recent swing. Also, the key entry is .786 % retracement of the entire range that EURUSD has been in for the last year. This level is very key as you can see just looking to the left of the chart. Seeing that the fed is indecisive, I feel as if we will range longer, hence the short position. Therefore I am taking profit at the Daily order block which is below the previous low (strongest order block). The stop is above the closest high (1.15005) Entry at 1.14573 TP @ 1.11348