EURUSD Shorts ready for Interest rates decision tomorrow
Looking to short
EURUSD
tomorrow.
Scenario 1:
EURUSD testing last candle at 1.9800 and a 0.618 fib and falls short from there.
Scenario 2:
EURUSD pops up to 1.2050 from GDP Results tomorrow and then shorts come into play from Interest rate decision.
Will need to be careful with this trade as EURO GDP results may provide a false breakout to test the highs of 1.2050 and could see shorts come into play thereafter. That would be my preferred move as this will fall nicely into trend I have created from these lines.
Apologise that this chart is quite messy and it may be hard to see the price action, but it works for me ;)
I will be watching this pair like a hawk, until then I can't see any reason to trade this pair at the moment.
EURUSD
tomorrow. Scenario 1:
EURUSD testing last candle at 1.9800 and a 0.618 fib and falls short from there.
Scenario 2:
EURUSD pops up to 1.2050 from GDP Results tomorrow and then shorts come into play from Interest rate decision.
Will need to be careful with this trade as EURO GDP results may provide a false breakout to test the highs of 1.2050 and could see shorts come into play thereafter. That would be my preferred move as this will fall nicely into trend I have created from these lines.
Apologise that this chart is quite messy and it may be hard to see the price action, but it works for me ;)
I will be watching this pair like a hawk, until then I can't see any reason to trade this pair at the moment.
Trade active:
Looks like Scenario 2 has come into play.
Trade closed manually
Scenario 1:
EURUSD 0.16% testing last candle at 1.19800 and a 0.618 fib and falls short from there.