EUR/USD potential short play.
Looking through the chart, this EUR/USD potential pullback and short play looks the most appealing.
Initially this short bias is supported with a strong supporting technical strength score of -6, with higher time frame confluences on the monthly with Septembers candle closing as a strong bearish engulfing after rejecting 1.200 key level.
Zooming in on the daily chart, my bearish bias is further supported with a bearish cross of the daily SMA's which has proven to be a strong signal for me so far after implementing this to my analysis. However price is currently to low for me to begin shorting. I would like to see a valid, sizeable pullback with price placing a strong lower high to show. change in momentum.
This lower high looks like it could form on the highlighted zone with confluences arising from either fib level and strengthened with a retest of broken daily support. If I see lower time frame rejection of this area I will look for an entry with my targets set on the 1.1600 key level next!
Initially this short bias is supported with a strong supporting technical strength score of -6, with higher time frame confluences on the monthly with Septembers candle closing as a strong bearish engulfing after rejecting 1.200 key level.
Zooming in on the daily chart, my bearish bias is further supported with a bearish cross of the daily SMA's which has proven to be a strong signal for me so far after implementing this to my analysis. However price is currently to low for me to begin shorting. I would like to see a valid, sizeable pullback with price placing a strong lower high to show. change in momentum.
This lower high looks like it could form on the highlighted zone with confluences arising from either fib level and strengthened with a retest of broken daily support. If I see lower time frame rejection of this area I will look for an entry with my targets set on the 1.1600 key level next!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.