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Jimmy_Rebello
Sep 3, 2023 1:10 AM

EUR/USD short setup  

EUR/USDCapital.com

Description

the 29 august move on 1h was not a bullish trend it was just liquidty grab move made insitutional players

FOR SHORT BEARISH SETUP

after that we have seen sharp fall towards the new order block
i think price below (ob) will be sweeping some liquidity and pretend to bounce back but it just as pullback there has been fair value area around 1.08424 - 1,08154 where we can loot for opporunity the target will be then 1.06800 & 1.6400 zone

*use ATR for controling your stop loss by (atr x 2) then manage your qty as per your stop loss risk

Comment

if anyone enter the trade after bos of swing then our target was good although our entry was not triggred
there was fair value zone on 15m chart that i missed and price move away from that nicely

Trade closed: target reached

for those who entered
Comments
pandevinayak13
sir I am in India so which time I trade and what about ear usd tr stop loss
Jimmy_Rebello
@pandevinayak13 I have drawn on chart already
pandevinayak13
gdy sir
Jimmy_Rebello
Jimmy_Rebello
wait for London session for this entry
pandevinayak13
k
pandevinayak13
and new trader
sunilsha21
what about next for eur usd
Jimmy_Rebello
@sunilsha21 wait for London session
Jimmy_Rebello
@sunilsha21 I've updated new idea on eurusd check
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