[EURUSD] End of the week analysis

Its friday. EURUSD is bearish long term due to crumbling EU economy and strong $.

If we want to see a bearish price action next week:
- Price must close preferably below previous week high

Short entries above 1.084 targeting previous week high.

Comment:

I shorted this bearish engulfing 15m candle after it formed during London after raiding Tokyo highs

Comment:

closed 50% @ around 2rr for 1% before news SL now BE
www.tradingview.com/x/YhM2EkGf/

Comment:

set TP to 3r @ 1.0816

Comment:

ive seen this PA before. Check link www.tradingview.com/x/IBSS7BdF/

-date Aug 11 Friday 2023 (its also friday today)
-p.s. i remember the exact day & price action because i made some good bread that day.
-if Aug 11 PA will happen today
-Price will reach 1.0807 then bounce retrace for N.Y. wallstreet to enter then waterfall

Comment:

will reenter shorts if N.Y. presents a good price.

Comment:

taking this 3rr off the market

Comment:

targeting previous week high which is also daily low of yesterday.

Comment:

N.Y. Short entries

Comment:

SL hit previous entry 1st position 1% 2nd 0.5%
total daily profit 2.5%

1% risk Reentered short

Comment:

Comment:

closed this one on 0.5% profit

total daily profit 3%