I am currently not following this downtrend idea. I am currently long for a short period of time adjusting my stops. I am afraid EU looks too good for a short for me to be confident on a short on UJ. See my next idea on EURUSD if you have any questions. I have reason to believe that short could be an option, but a short here is risky based on USD fundamentals. Holding off on this trade. Waiting for a bigger downward movement before considering my idea to be 100% valid.
Note
Strong LONG 2HR candle passing above fib resistance levels. Longing this... Shorting EU
Note
I broke even when market retested and splitted back down. Original idea correct. Too bad im not following it. Good luck for those who did. Nice pips on that short.
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.