EURUSD Stage two

Jul 30, 2022

Hi team

Please see related post for in depth analysis of this pair and associated news and fundamentals.

This analysis relates to stage 2 - initial scalp sell.
We almost always see a significant rejection followed by a period of retracement prior to any major impulse. Keep your SL tight as invalidation level is clear above descending channel resistance.

I would advise to TP Scalp here, and hold other short entries stop loss break even (SLBE) for swing/medium terms sells.

Thanks!

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Be kind, trade safe


DrBear