Looking at a Short opportunity for 
EURUSD for roughly 140 Pips
I am hoping to see price fail under the yellow 200 EMA. We will know more once price reaches it. So far, the RSI is at a good place to assume a short opportunity is coming.
I am looking for an entry around 1.14750, and are selling to 1.3250 area which will be a 50% Retracement from the D leg to the C leg of the Harmonic Pattern.
We will know more about the entry of this trade once price finally reaches the 200 EMA. There we will have a better idea of where to execute the best possible entry point.
Enjoy Trading!! :)
This is not a recommendation to take this trade, and was posted for educational purposes
EURUSD for roughly 140 Pips I am hoping to see price fail under the yellow 200 EMA. We will know more once price reaches it. So far, the RSI is at a good place to assume a short opportunity is coming.
I am looking for an entry around 1.14750, and are selling to 1.3250 area which will be a 50% Retracement from the D leg to the C leg of the Harmonic Pattern.
We will know more about the entry of this trade once price finally reaches the 200 EMA. There we will have a better idea of where to execute the best possible entry point.
Enjoy Trading!! :)
This is not a recommendation to take this trade, and was posted for educational purposes
Trade closed: target reached
Price did not reach our entry point, but reached TP once harmonic pattern finished forming. I expected price to reach 200 EMA, but fell short of it.
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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.