Euro / U.S. DollarShort
EURUSD Short
The Euro is up against resistance
1. Structural - the most recent resistance zone is 1.0360 - 1.0450
2. Dynamic - 50 EMA is containing the daily close.
The most recent candlesticks of the PULLBACK are an Inside Pin Bar. We can see long wicks to the upside , indicating selling Pressure.
Entry Trigger = There needs to be a large bearish candle form ie. Bearish Outside Bar , which would be a close below inside candle and tell us SELLERS are back in control.
Stop - above the Inside Bar Mother Candle.
Target - Prior swing low.
RR = 2+
1. Structural - the most recent resistance zone is 1.0360 - 1.0450
2. Dynamic - 50 EMA is containing the daily close.
The most recent candlesticks of the PULLBACK are an Inside Pin Bar. We can see long wicks to the upside , indicating selling Pressure.
Entry Trigger = There needs to be a large bearish candle form ie. Bearish Outside Bar , which would be a close below inside candle and tell us SELLERS are back in control.
Stop - above the Inside Bar Mother Candle.
Target - Prior swing low.
RR = 2+
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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.