EurUsd short opportunity - Watch out for confluences.

25 Mar 2019

Good week everyone,


EURUSD has been on this long downtrend channel for a while now, last week candle just formed a bearish pin bar just long enough to kill a lot of bears stop-losses over 14400 level, first bearish confluence.

Bullish confluence = big rsi divergence and therefore watch out for proper money management here.



Simples strategy here, wait for a pullback and rejection on the demarcated zone and short targeting current lows/middle of the channel (around ~12400), and S.L just some pips above current high ~14000 .

Good RxR opportunity IF it presents itself.






This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.

26 Mar 2019

Not

Looking good, anyway i'd close full position if price reaches 12400~12300 zone

27 Mar 2019

Not

Target zone =)

Now its good to watch out for closing positions since i dont expect (yet) much movement further down, its still possible target 12000 but trail your stops then.


Hope you guys enjoyed this ride.

28 Mar 2019

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