Short

EURUSD Short on break of last higher low

Updated

EURUSD is in a downtrend short term, the H4 candle closed making a new Lower High and breaking previous Higher Low makes for a valid TA trigger for this trade. Stop above round number should give extra safety.

Note

As predicted, the round number resisted a clear dead cat bounce and now we are trending lower. Next week we could see a revisit of 1.1405 but the trend has already resumed.
We may have another opportunity to load if we aren't in the trade yet. just extend the parallel line from one of the previous lines to find a value area. and keep your stops above 1.15

Trade closed: target reached

troneras

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