Euro / U.S. Dollar
Short

EUR/USD Monthly Rejection as short opportunity

112
This is an high risk/reward short and if we made profit at our first tp we put our stop loss into profit. Also we are waiting for print new lower lows as confirmation for better short opportunities. In this case if we reach our 2 2 tp(new lower low) we looking for new short selling entries.

Short Selling Range between: 1.19103 - 1.18906

1 take profit target: 1.18212 (~ +0.68%)
2 take profit target: 1.17397 (~ +1.36%)
3 take profit target(longterm): 1.16425 (~ +2.19%)

stop loss: 1.19258 (~ -0.20%)


Monthly-Chart(red circle is our monthly rejection): snapshot


15M-Chart: snapshot
We are above the VWAP Session(green circle/box) and never go long above the VWAP. This can also be a good take profit target for shorts or for long hedges as entry.


REMOVE YOUR BIAS!

Trade simple, made money and be happy!

Thanks,
Disziplinierter_Trader

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