Euro / U.S. DollarShort
EURUSD Short with 3 Listed Confluences (Naked Chart)
Updated
Confluence:
1. Double top pattern formation (Not textbook style).
2. Long Term Trendline Breakout on Daily chart.
3 Trend is breaching with lower highs and new lows being formed.
Entry: Trend continues to be bearish from the previous week. Will only look to enter this trade around the middle of the week as its still early in the week. Price might still retrace to one of three areas on the chart before moving to the downside. Will be looking to hold this trade for 4 - 5 days or until T.P is reached (Whichever comes first).
1. Double top pattern formation (Not textbook style).
2. Long Term Trendline Breakout on Daily chart.
3 Trend is breaching with lower highs and new lows being formed.
Entry: Trend continues to be bearish from the previous week. Will only look to enter this trade around the middle of the week as its still early in the week. Price might still retrace to one of three areas on the chart before moving to the downside. Will be looking to hold this trade for 4 - 5 days or until T.P is reached (Whichever comes first).
Note
I will be watching the 1.19250 - 1.193350 region for possible consolidation and continuation to the downsideNote
Price seems to be retracing. Still too early to enter. Waiting to see how price will react in the next few days.Note
Price seems to have had a minor pull back. The Weekly and Daily Chart are both bearish at the moment. We might see explosive moves to the downside in the next view coming day and weeks. Price might still retrace further upwards going into the USA session with CPI numbers being released today.Note
Market took out the stops at the high of the breakout candle on the 5th of MarchNote
Price is moving nicely. Take profit is nearing.
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