Fr33zerPop

Waiting for EURUSD short opportunity

Short
FX:EURUSD   Euro / U.S. Dollar
Because we're in a strong downtrend on the daily chart, I'm not looking for any long opportunities in the EURUSD. New closes into my sell zones will be considered new moves down, but the Ambiguous area is where the downtrend is often less strong for me. However, I often see an initial push downward like we've seen in the last 3 hours, then a test of the upper purple line (*), then a new move down (if it doesn't break the purple and continue in a new uptrend).
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.