Hey folks,
We have now entered EURUSD short based on a M15 analysis.
We don't have a perfectly identified pattern, but we have a few confluences...here they are:
- 13/50 EMA cross
- First pullback (>25 pips)
- TDI bouncing off 50 + Baseline going down
- Reset on H1
Usually this wouldn't be a trade I'm interested in as we're coming out of a level 3. Yet price action was really nice, also taking into consideration DXY which correlates perfectly with EURUSD.
Keep in mind, once price closes ABOVE 13 EMA before our TP gets hit, we close the trade.
Happy trading everyone :)
We have now entered EURUSD short based on a M15 analysis.
We don't have a perfectly identified pattern, but we have a few confluences...here they are:
- 13/50 EMA cross
- First pullback (>25 pips)
- TDI bouncing off 50 + Baseline going down
- Reset on H1
Usually this wouldn't be a trade I'm interested in as we're coming out of a level 3. Yet price action was really nice, also taking into consideration DXY which correlates perfectly with EURUSD.
Keep in mind, once price closes ABOVE 13 EMA before our TP gets hit, we close the trade.
Happy trading everyone :)
Trade closed: target reached:
TP hit! +20 pips in the bag. Good start to the week