EUR/USD Short Idea just less than 1h till close of 4H candlestick.
If 4H candle closes below 50EMA
Stop Order 3pips below low of the "Signal Candle"
Stop Loss 5-10 pips above of the "Signal Candle"
TP Previous Swing Low appx 200pips
PS Just and idea wait and see the price moving!
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We can start with a quick short, the market seems to be going for a slight drop, it's probably going to have some problems going through the 0.74500 (TP: 0.73964 SL: 0.75080). After the currency drops significantly, i expect it will try to break the 0.74500 resistance line and go try the 0.75000. Long at 0.74012 (TP 0.74802 SL: 0.73545).
I will setup the second...
UK100 Currently "Between Crossroads" Time-Frame 4Hours.
Expodential Moving Average 50- Bullish but to be watched might break down as RSI showing down below 50 level.
Horizontal Support and Resistance
Currently holding "Pending Orders" above 6866 and below 6811 for Long and Short
Short TP at Lower Swing 6610
Long TP at Higher Swing 6954
Will continue...
USDJPY SHORT
There are a few reasons I am seeing a Short/Sell on USDJPY. Plotted the S/R at 106.126 and currently held under it on the daily. UPWARDS TL was drawn off the H4 so once that has broken through and closed under it... that will be our entry. The candle must fully close below the TL in order for it to be a short. TP is at 104.660 which is a previous...
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