Taking a short on EUR/USD after sweeping the Asian session high. Liquidity grab above key levels followed by rejection? Classic setup.
We've tagged the 0.618 Fib level and are showing signs of exhaustion. EMA acting as dynamic resistance—expecting a push lower towards discounted levels.
Risk managed, execution clean. Let's see how it plays out.
TRADE:
Entry: 1.09772
Stop: 1.10004
Profit: 1.09165
We've tagged the 0.618 Fib level and are showing signs of exhaustion. EMA acting as dynamic resistance—expecting a push lower towards discounted levels.
Risk managed, execution clean. Let's see how it plays out.
TRADE:
Entry: 1.09772
Stop: 1.10004
Profit: 1.09165
Trade active
Took my first entry from the fib rejection.Entry: 1.09893
Stop: 1.10194
Profit: 1.09076
Trade closed: target reached
Job done. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.