Euro / U.S. DollarShort
EURUSD short trade based on Ichimoku and fibonacci analysis
Indicators
* Ichimoku set to default settings 9,26,52,26
* Fibonacci retracement tool
The below short criterias have been met
*Price is below the cloud indicating a downward trend
*The lagging span is below price
*The conversion line is below the base line
* price has retraced to or close to key fibonacci level (the the 50% fibonacci level)
* bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward
* Ichimoku set to default settings 9,26,52,26
* Fibonacci retracement tool
The below short criterias have been met
*Price is below the cloud indicating a downward trend
*The lagging span is below price
*The conversion line is below the base line
* price has retraced to or close to key fibonacci level (the the 50% fibonacci level)
* bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward
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.