JLJ002500
Short

EURUSD Short - Intraday trade w/ Justification & Set Up

FX:EURUSD   Euro / U.S. Dollar
87 0 4
Supporting evidence/Justification:

1W:
snapshot
Based on price action, I am favoring short set ups at this time.

1D:
snapshot
Higher risk trade because price action does not support on 1D chart. It also isn't contrary to trade either. 1D Chart price action indicates possible short after completion of the candle. Rejection of resistance and POSSIBLE bearish price action, but candle needs to complete. There is a strong possibility, based on 1D, that the resistance could be retested.

4H:
snapshot
Trade supported. Price action reversal candles ( pinbar and bear engulfing ).

15M
snapshot
Supports 4H & 1H. There is the support that price needs to break through.


Trade:

Short @1.10553, SL=1.1088, TP=1.1001

Intraday trade. Higher risk, due to chance of reversal. Based on my trade plan, I only risk 1% on this type of trade.


Trade closed: stop reached: Keeping Score: Loss. 1/2 position size
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