EURUSD SELLING PRESSURE
Atualizado
Momentum on the weekly, daily and 4 hour EMA all aligned heading SE. Monthly EMA is currently neutral and price is consolidating just above the daily trendline. If price is able to break and close below the bullish daily trendline then bearish pressure is likely to continue to push price lower to the next daily key level of 1.18860 and could continue down to 1.18350.
If however price breaks back to the upside we are likely to see price rally back 1.19900
If however price breaks back to the upside we are likely to see price rally back 1.19900
Trade ativo
stop above the previous consolidation highNota
Take partial profits and move stop to break even (just into profit)Nota
As a side note I will be leaving this trade to run and will NOT be moving my stop from above the previous high of the consolidation area as I intend to hold this trade. The above comment is for anyone who may be intraday trading. Hope that helps. Again how you manage a trade is up to you (its preference). This is just my ideaTrade fechado: stop atingido
Price failed to close below daily support rebounding off monthly dynamic support
Aviso legal
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