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Eurusdsell

EURUSD SHORT As we can see price broke below the 1.05000 psychological number breaking the structure and continuing to make bearish swings, currently price is at a monthly resistance we may expect a correction to the broken S/R based on the lack of momentum on the monthly candles but the overall trend is bearish. On the weekly and the daily the market is volatile, it barely makes a new low and the momentum is slowing down this is my second confirmation that the price may pull back soon. On the 4h, the price is ranging, my setup would be to short EU due to the big trend it’s bearish so m only looking for sells but if the price broke above the LH then imma look for my confluences to initiate any trade. For now, I’m waiting for the market to break the range zone and the structure, as well as the S/R with a vast bearish momentum candle confirming the breakup After the close of the 4h candle imma, go to the 1h chart for my entry. RM: Sl: would be above the last swing Tp: is the next monthly S/R zone Manage your risk and think of probabilities.
Short
by Ily14
5
Fri 16th September 2022 EUR/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. I'm just keeping the Stop fairly tight and at the same level as the other Sell trades that are still open. Enjoy the day all. Cheers. Jim
Short
by JAGfx
2
EUR/USD SELLHey Guys, This is a counter trend trade!! I'm currently selling EU after that huge bullish run we just had. We've just seen price break beneath a strong area of support now acting as resistance, since London open we've had some strong bearish momentum step into the market, but I am only selling this pair to around the 1.0000 zone as this is where price is likely to reject and continue to the upside. I will drop another analysis on this pair at 1.0000 where I anticipate price to go back up to the 1.01500 zone.
Short
by TomBray1