After the FOMC decision, the USD has been weakening and has now reach a critical turning point. Hoping that EURUSD can take the lead from AUDUSD and start to fall soon.
Pattern Identification
Bearish Shark pattern completed on the H4 chart at 1.0790/95.
Trade execution
Price went slightly above the PRZ and is currently supported by the PRZ. I would want to see the price goes back down below the PRZ to be more bearish on the pair.
Pattern Identification
Bearish Shark pattern completed on the H4 chart at 1.0790/95.
Trade execution
Price went slightly above the PRZ and is currently supported by the PRZ. I would want to see the price goes back down below the PRZ to be more bearish on the pair.
Note
AUDUSD already falling, hope that EURUSD will follow suit.
Trade active
Just took the trade at 1.0776, with stops above PtX.Now the PRZ must act as a resistance with the round figure 1.08 helping as a natural resistance too.
Trade active
Giving you guys an additional view on this pair to support the short.H4 chart, indicators showing bearish divergence :
- MACD and the MACD Histogram
- RSI
Putting my stops at 1.0835
Trade active
Glad to see the price stayed below the PRZ last night.Next critical step will be to break below the TL support
Trade closed: stop reached
Trade closed when the market opened with a gap up. 64pip loss (5 more than what I expected because of the gap)This goes to show that although the indicators and signs were all aligned, there is still a possibility that the trade can fail.
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.