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VasilyTrader
Aug 21, 2018 12:53 PM

sell the retest of broken stucture Short

Euro Fx/U.S. DollarFXCM

Description


hey traders,
good opportunity to short eurusd today as the market violated the previous level of support.
+ looking at rsi we see clear divergence that shoes as bulls exhaustion.
As bulls push the market back to this structure zone, we have a very nice counter-trend trade to take.
Initial target is projected from structure high.
Stop goes strictly above the high.

Trade closed: stop reached

Comments
r5e5g1
Given the current price action, do you think this set up is still valid?
VasilyTrader
@r5e5g1, yeah, it seems that bulls come into play again, BUT if you sold the retest, you are in a game until the market violated the structure high!
r5e5g1
@VasilyPonomarev, Thanks!
lexuskeywest2
very clean chart, easy to read and follow. thank you
VasilyTrader
@lexuskeywest2, thank you!
jojoevery
Nice!
VasilyTrader
@jojoevery, thanks
Anthony0417
same views!
thanks

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