Euro / U.S. DollarShort
EUR/USD - SHORT
Updated
This was entered at the 4H close candle at 10am.
1M
Last Month’s candle stick rejected a key monthly resistance level of 1.1450. EMA’s pointing downwards
1W
Last week’s candle closed as a shooting star, which rejected both downwards facing EMA’s.
1D
4 days in a row, price has tested a key daily resistance level of 1.13939, which looks as if it gave way today. EMA’s are crossing back to the down side. A close below the EMA today would be a good signal that more bearish momentum to follow. A higher daily fib is also respected according to my fib rules.
4H
My 4H fib has also been hit, we saw price consolidate for a while around my preferred fib zone, before breaking my CTL. EMA’s crossed to the downside also. Target set at -27 fib level.
1M
Last Month’s candle stick rejected a key monthly resistance level of 1.1450. EMA’s pointing downwards
1W
Last week’s candle closed as a shooting star, which rejected both downwards facing EMA’s.
1D
4 days in a row, price has tested a key daily resistance level of 1.13939, which looks as if it gave way today. EMA’s are crossing back to the down side. A close below the EMA today would be a good signal that more bearish momentum to follow. A higher daily fib is also respected according to my fib rules.
4H
My 4H fib has also been hit, we saw price consolidate for a while around my preferred fib zone, before breaking my CTL. EMA’s crossed to the downside also. Target set at -27 fib level.
Note
Stop Loss has been moved down to take some profitTrade closed: stop reached
Profit Taken
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.