Good day traders! I hope you all have a great trading day ahead!
Start off with EURUSD. Price has been pretty bearish recently and price action dictates that bullish momentum has slowly fade and bear market has taken charge.
Head and shoulder has been formed in H4 timeframe and price is ranging on EMA 55. To have a good short setup, we are looking for a retest to EMA 55 which is inline with the price structure.
Entry price: 1.1280
SL: 1.1300
TP: 1.1179
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Start off with EURUSD. Price has been pretty bearish recently and price action dictates that bullish momentum has slowly fade and bear market has taken charge.
Head and shoulder has been formed in H4 timeframe and price is ranging on EMA 55. To have a good short setup, we are looking for a retest to EMA 55 which is inline with the price structure.
Entry price: 1.1280
SL: 1.1300
TP: 1.1179
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Comment:
TP HIT! From what we have observed from the price action of the chart, price is still pretty bearish and we will look for another short entry!
