We had a break out of the ascending CTL yesterday which gives me reason to believe another Bearish run could start. A break of the 200 EMA @ 1.06150 with confirm the bearish bias as will remaining below 1.06600.
We have entered a small position at market price after having a good rejection off the 50% fib retracement of the impulsive move out of structure
Another position will be added on a break of 1.06150 and then potentially again at 1.05800
We have entered a small position at market price after having a good rejection off the 50% fib retracement of the impulsive move out of structure
Another position will be added on a break of 1.06150 and then potentially again at 1.05800
Trade active
Note
54 pips in profit. Moving stop loss to break evenNote
Please go view the updated EURUSD chart...
Note
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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.