Euro / U.S. DollarShort
EURUSD Short Trade (quick)
Daily price bearish: Price below kumo -> Kijun break to downside
H4 entry shows multiple conditions being met: Bearish Kumo breakout -> Bearish Donchain Support breakout -> Chikou Confluence (PS: You can wait for kumo twist)
Bearish Patterns: Bear Engulfing on H4 and Daily + Descending Triangle on H4 and Daily
Entry could be after close below support at 1.13180
Targets: Not set targets. Trailing stop or set targets can be used
SL above Kijun around 1.14058: Adjust SL at tweezer bottoms (If tweezer bottom is formed - watchout for inside trading to outside trading to exit or re-enter the trade)
The price could bounce back up soon from 1.12155 level. This could be a quick profit trade to that point.
Goodluck!
H4 entry shows multiple conditions being met: Bearish Kumo breakout -> Bearish Donchain Support breakout -> Chikou Confluence (PS: You can wait for kumo twist)
Bearish Patterns: Bear Engulfing on H4 and Daily + Descending Triangle on H4 and Daily
Entry could be after close below support at 1.13180
Targets: Not set targets. Trailing stop or set targets can be used
SL above Kijun around 1.14058: Adjust SL at tweezer bottoms (If tweezer bottom is formed - watchout for inside trading to outside trading to exit or re-enter the trade)
The price could bounce back up soon from 1.12155 level. This could be a quick profit trade to that point.
Goodluck!
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.