Hey guys,
on EURUSD we are fronting a structure level on the 4HR chart. On the daily we sitting between previoous resistance and support and so i think it could be a nice spot to get short.
As a conservative trader i want to see price confirmation: last week price created a nice double top with RSI divergence but i didn't short there cause the engulfing candle had a long wick to the down (buying pressure) i waited for another confirmation that finally came in form of a break of structure to the downside.
This is a prerequisite of the 2618 trade that you see above.
Stops above the highs, target 1 at the retest of the lows at 1:1 RR, target2 at the retest of lower lows.
If you have any question, don't hesitate to ask.
Otherwise, see you in the next chart!
on EURUSD we are fronting a structure level on the 4HR chart. On the daily we sitting between previoous resistance and support and so i think it could be a nice spot to get short.
As a conservative trader i want to see price confirmation: last week price created a nice double top with RSI divergence but i didn't short there cause the engulfing candle had a long wick to the down (buying pressure) i waited for another confirmation that finally came in form of a break of structure to the downside.
This is a prerequisite of the 2618 trade that you see above.
Stops above the highs, target 1 at the retest of the lows at 1:1 RR, target2 at the retest of lower lows.
If you have any question, don't hesitate to ask.
Otherwise, see you in the next chart!
Trade active
Trade closed: stop reached
