EURUSD. Potential short opportunity
Updated
EURUSD Hello Traders.
I'm anticipating a potential short on the eur/usd which could possibly trigger today at the release of news on the USD an hour 30 mins after NY open.
Price reacted off an area where we had a rotation on the daily, and this seems to be rotating as well now.
We have a change of behaviour in price action, which is why I'm anticipating lower prices if price moves into the area responsible for this (area marked "Rotation on the Daily")
If this short plays out, I expect price to drop to the opposite rotation on the Daily in the coming days/weeks, but price first has to deal with the H4 rotation prior that level.
What do you think? Feel free to share your thoughts/pinions.
Trade closed manually
The short trade happened in the specified area as i anticipated, but faied to reach my minimum target of the H4 rotation. I closed the trade at more or less b/e. Price has now turned bullish, and i'll be looking for long set ups.
On to the next.
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