My view of EURUSD. Potential short opportunity.
My idea is that after the price has came up to mRa and respected that level, it should retest some lower levels before continuing it’s uptrend. I expect the price to fall down to PBA (Pullback Area) 1.05947 where I‘ve set my TP (Take Profit). My ideal entry is at 1.06920. Confirming the retest of the PBA, would be the break of the level (1.06417) which I’ve marked with a dotted line. SL (Stop Loss) is above the last two H4 candles at around 1.07152.
PARAMETERS
- Entry: 1.06920
- SL: 1.07152
- TP: 1.05947
KEY NOTES
- The price has came up to mRa.
- After respecting the mRa (minor Resistance area) we should see some downside.
- The sell would be confirmed after we break the previous low 1.06417.
Happy trading!
My idea is that after the price has came up to mRa and respected that level, it should retest some lower levels before continuing it’s uptrend. I expect the price to fall down to PBA (Pullback Area) 1.05947 where I‘ve set my TP (Take Profit). My ideal entry is at 1.06920. Confirming the retest of the PBA, would be the break of the level (1.06417) which I’ve marked with a dotted line. SL (Stop Loss) is above the last two H4 candles at around 1.07152.
PARAMETERS
- Entry: 1.06920
- SL: 1.07152
- TP: 1.05947
KEY NOTES
- The price has came up to mRa.
- After respecting the mRa (minor Resistance area) we should see some downside.
- The sell would be confirmed after we break the previous low 1.06417.
Happy trading!