Euro / U.S. DollarShort
EURUSD 4H SHORT
EURUSD - SHORT
What are we expecting?
- USD Strength -EUR weakness = EURUSD Short.
What is our confirmation?
- We have seen price has been battling in a range around our 0.618% fib levels and now we have seen nice rejection wicks for added confluence.
- Once price breaks through Our Risk Trendline (Highlighted in orange) we can look to enter short positions.
- DXY Strength Is Needed before entering, so keep a close eye on the DXY Index.
Where shall we enter?
- We can enter a safe position once the WFB trendline has been broken as this will give us more added confirmations for short positions.
- Wait for a Break & Correction for safe entries for added confluence.
Once entered where will our SL BE?
- SL will be above high of previous candle the closes through the trendline for a safe SL
Targets?
- 0.9500
What are we expecting?
- USD Strength -EUR weakness = EURUSD Short.
What is our confirmation?
- We have seen price has been battling in a range around our 0.618% fib levels and now we have seen nice rejection wicks for added confluence.
- Once price breaks through Our Risk Trendline (Highlighted in orange) we can look to enter short positions.
- DXY Strength Is Needed before entering, so keep a close eye on the DXY Index.
Where shall we enter?
- We can enter a safe position once the WFB trendline has been broken as this will give us more added confirmations for short positions.
- Wait for a Break & Correction for safe entries for added confluence.
Once entered where will our SL BE?
- SL will be above high of previous candle the closes through the trendline for a safe SL
Targets?
- 0.9500
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.
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.