UnknownUnicorn772665

EURUSD - Short your way to financial freedom

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD Trend continuation short.
Trade active
Comment: Wedge pattern broken & retested. We had a final wick rejection of 1.1400 before dropping next week.
Comment: Lots of bearish momentum on all timeframes now. Target 1 is 1.115 but there is potential for this to go a lot lower.
Comment: Still holding this short position to my final target of 1.1150. We may see a 1hr pullback and lower high form now before it continues down.

You could use this as a scale in opportunity
Comment: Price is now making another 4hr lower high after this pullback. Next stop is 1.115 and my original profit target.

Comments

Very simple trend continuation analysis on this one. Trendline, Fib, Wedge pattern... Short entry.
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