AmplaFX

EURUSD, Reversal Imminent

Short
FX:EURUSD   Euro / U.S. Dollar
Good morning ladies & gentlemen,

Following on from my EURUSD long idea, price has traded up into my area of interest where I'm looking for a short.

Right now, price has fulfilled the D1 Objective, now I'm looking on the lower timeframes for an indication of market breakdown, from there I'll look for an entry.

The boxes on this picture is NOT my entry point NOR my stop loss. If you're interested in this big reversal trade, follow my page and this idea closely as I'll update you when I enter.

The take profit points are clear.

First target: D1 Bullish Orderblock
Second target: The H4 lows
Third target: Weekly lows.

Depending on how price reacts once the first objective is reached, that will determine the trajectory of EURUSD going into the next few weeks.

I wish you all good luck and good trading.

Stay tuned.
Comment: Entry @ 1.18850

Stop is above the M15 highs.

I see a break in market structure on the lower timeframes; however, all euro pairs are extremely bullish still.

I do believe that EU has the potential to move down from this level. If it's not today, it'll be tomorrow.

Good luck!
Comment: Stopped out at 1%.

Not a problem. Will look for a re-entry tomorrow.
Comment: No indication of price wanting to move lower yet. But it should be coming soon. Perhaps Monday next week.
Comment: There will be an opportunity to short this near the end of the week. Will make a separate post on this idea as the take profit points has changed as a result of a new market structure being created.

Comments

Agree
+2 Reply
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