PardoFX_Trading

EURUSD Setting Up for a Daily Move Down

Short
FX:EURUSD   Euro / U.S. Dollar
Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose
hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.
Comment: We waited for our Market Maker move using a Brickwick Renko.
Comment: Entry and Trade Safe
Comment: Forgot to update, Took some profit out at the bottom of the channel on a rejection being shown, awaiting next set-up.
Comment: Another nice entry when it popped up to peak resistance, and once again at the bottom of the channel so look to take some profit out if it rejects.

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