EURUSD May 24th breakdown kissback test
Shorting EURUSD at 1.1190 into a potential resistance trendline coming from the May 24th breakdown.
It's to be seen if DXY can hold 95.20 later today.
If the dollar keeps being supported by the shift of expectations from a June or July rate hike (notice I said expectations, not believing in the real thing), then we should see EURUSD trade lower.
Entry: 1.1190 (Above today's Asian High)
Stops: Above 1.1200 and above 1.1230
Target1: 1.1105 the 200dma
Target2: 1.1070
It's to be seen if DXY can hold 95.20 later today.
If the dollar keeps being supported by the shift of expectations from a June or July rate hike (notice I said expectations, not believing in the real thing), then we should see EURUSD trade lower.
Entry: 1.1190 (Above today's Asian High)
Stops: Above 1.1200 and above 1.1230
Target1: 1.1105 the 200dma
Target2: 1.1070
Trade active
Target 1 reached at 1.1105Trade closed manually
Trading success is not going to be entering winning trades, but how you exit your losing trades.
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.
Trading success is not going to be entering winning trades, but how you exit your losing trades.
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.