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Trading Update: EUR/USD Short Position
Euro / U.S. Dollar
Short
Trading Update: EUR/USD Short Position
By Rhnmrks
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Aug 5
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Aug 5
🚀 Trading Update: EUR/USD Short Position 🚀
Just entered a short position on EUR/USD at 1.09128! 📉 Here’s why:
🔍 Volume Profile Insight: The previous daily volume profile shows a P shape, indicating a possible bearish trend.
📈 MACD Signal: We've had a cross in MACD on the hourly chart, which supports the downward momentum.
📊 Volume Profile POC: We’re currently trading below the previous day's Volume Profile Point of Control (POC), reinforcing the bearish outlook.
Let’s see how this plays out! 🚀📉
#Forex #Trading #EURUSD #TechnicalAnalysis #MACD #VolumeProfile
Chart Patterns
Technical Indicators
Trend Analysis
Rhnmrks
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