EURUSD 6EF Short Trade Idea
6EZ2023 - EURUSD - SHORT
6E / EURUSD just had a strong bearish reaction on the H4 timeframe to the area of sensitivity (weekly fair value gap FVG).
On a pullback into a H4 premium, I will be hunting short triggers on M15 timeframe to then target the PWL (previous weekly low).
This correlates nicely with DXY, which just had the same reaction to a weekly FVG. There is a nice weekly fractal high within the weekly fair value gap on DXY which should act as the next DOL. 6EZ2023 doesn't have a fractal high to act as a draw, so I will be watching DXY to determine when to exit the short.
6E / EURUSD just had a strong bearish reaction on the H4 timeframe to the area of sensitivity (weekly fair value gap FVG).
On a pullback into a H4 premium, I will be hunting short triggers on M15 timeframe to then target the PWL (previous weekly low).
This correlates nicely with DXY, which just had the same reaction to a weekly FVG. There is a nice weekly fractal high within the weekly fair value gap on DXY which should act as the next DOL. 6EZ2023 doesn't have a fractal high to act as a draw, so I will be watching DXY to determine when to exit the short.
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