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DACapitalTrading
May 28, 2018 1:04 PM

EURUSD - SETUP - WEEKLY CONTINUATION - 28 MAY Short

Euro Fx/U.S. DollarFXCM

Description

WELCOME TO DACAPITAL TRADING!!


EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.


4 HOUR
Bearish movement past 8 hours forming a new low.

DAILY
Small bullish pullbacks on daily timeframe but overall extremely bearish

WEEKLY
Over 7 weeks price is moving to the downside forming several new Lows in every timeframe.

LEVELS
SHORT @ 1.16090
SL @ 1.16900
TP1 @ 1.15267
TP2 @ 1.14876
TP3 @ 1.14498
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!


Enjoy our limited Free Content and Setups,
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DACAPITAL TRADING

Trade active

Trade closed: target reached

TP1 HIT! +70 PIPS move sl to be and close partial profits! enjoy
Comments
skyisthelimit1
Looks good. Was originally LONG at 1.15900 but sold in loss at 1.15700. Opened SHORTS at 1.15700.
Looking for 1.14450-1.14500 target now as well.

I agree, Daily indicators are looking bearish still. I don't see anyway for EUR/USD to go up, unless USD data disappoints tomorrow. Even then, most likely a small pullback.
Definitely holding on to my shorts until close to the target. Then LONG from 1.14500.

Thanks
DACapitalTrading
@skyisthelimit1, Good one!
elaliholding
do you think we might see 1,1600 again
DACapitalTrading
@elaliholding, A retest of previous lows is very likely
ender.genom
DACapitalTrading
@Ender.genom, We will see!
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