EURUSD POTENTIAL SHORT
1D Chart:
*On the daily time frame price had broke/breached recent significant structure around the 1.15300/1.15500
*The 1D chart is in a seller trend
*Strong and healthy momentum by the sellers to the downside
4H Chart:
*4H chart is in an overall downtrend
*This chart will give us a good idea if price comes into significant structure, what the seller strength looks like
*Wait to see strong seller interest on this timeframe in the structure area, if looking to short this pair
1H Chart:
*This chart can be used, if seller shows his interest, to have precise entry based on momentum and candle.
*Use this for good risk/reward setup as well as precise entry if seller shows good strength/interest still
Always make sure to have a trading plan when approaching the markets. It is important to stay disciplined to your plan always and make sure to follow good risk management rules. Never risk more than 2% of capital and always have a good risk/reward to make it a more high probable setup.
Cheers!
1D Chart:
*On the daily time frame price had broke/breached recent significant structure around the 1.15300/1.15500
*The 1D chart is in a seller trend
*Strong and healthy momentum by the sellers to the downside
4H Chart:
*4H chart is in an overall downtrend
*This chart will give us a good idea if price comes into significant structure, what the seller strength looks like
*Wait to see strong seller interest on this timeframe in the structure area, if looking to short this pair
1H Chart:
*This chart can be used, if seller shows his interest, to have precise entry based on momentum and candle.
*Use this for good risk/reward setup as well as precise entry if seller shows good strength/interest still
Always make sure to have a trading plan when approaching the markets. It is important to stay disciplined to your plan always and make sure to follow good risk management rules. Never risk more than 2% of capital and always have a good risk/reward to make it a more high probable setup.
Cheers!