Anticipating This 3-way Move on EURUSD!

11 May 2017

Hey Hey! From the previous time I posted from EURUSD it bounced higher, creating a bearish 4h engulfer on the top there, hopefully signaling a start of the downward move. This is the set up I am going to be looking for: a bounce from the 200-ema to the area of 50-618% for shorts. Much better to short from a retracement than go in right away, so lets wait and see ;) Also there will be an extremely good risk & reward scenario if the pari comes back to the marked area.

Good Trading :)

-ST