Get started
FX618Analysis

Retracement to 1.16500 required before SHORT entry! Target: 1.15

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
FX618Analysis Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis EURUSD swingtrade short Exponential Moving Average (EMA) monthlysupport support dailyema pivot
0
0
trendanalysis chartpattern fundamental eurusd swingtrade short ema monthlysupport support dailyema pivot
EURUSD is currently in downtrend! However 1.15000 acts as a strong monthly support. So based on the monthly pivot points its best to wait for slight retracement to 1.165000 area for better risk to reward ratio. Monthly EMA was also pierced and candle closed below it, this further eliminates the hurdle of monthly support and opens the path to 1.15000 area.

i shall update the trade criteria once and if the price retarces for a better 1:1 RR.
Order cancelled
Comment:
TRADE CRITERIA IS STILL ACTIVE. AWAITING RETRACE TO 1.16500 AREA TO GO SHORT

Related Ideas

FX618Analysis
TRICKY USDJPY SHORT MIGHT BE A TRAP! TRADE WITH CONFIRMATION!
FX618Analysis
EURUSD might fall towards swing low if rejection occurs at 1.165
FX618Analysis
TRADE EURUSD DOWNTREND WITH CAUTION. AWAIT BREAK OF 1.1500!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.