jseymour84

$EURUSD EMA Crossover Short Entry

Short
OANDA:EURUSD   Euro / U.S. Dollar
The $EURUSD pair is currently trading below the 200 day simple moving average, suggesting that the long term trend is bearish. The 5 day exponential moving average has just crossed below the 10 day exponential moving average which tells us that the market is likely to move lower. This trade historically has had a 50% win rate with an average loss of around 65 pips and average win of around 150 pips. Exit is when the 5 day EMA crosses back above the 10 day EMA. Stop is at the previous swing high point.

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.