EURUSD to reach intersection on daily, looking for short!

Hello everyone. Euro has been strong against dollar since early this month and I tried to establish short setup at key zones or levels on daily. It's hard to get a big move to the downside as my long-term MA held very well since April 5th.

You can check the marked circle on 60m. It rebounded from touching the red MA(long-term). But we may get a big move this time.

Weekly: price reacted to downtrend line linked between pivot highs.

Daily: It seems price is approaching the intersection created by downtrend line and uptrend line. In my opinion, price will choose the direction. likely, it will go down from the larger timeframe.

60m: this is my trading timeframe. I need price close below red long-term MA and form bearish pattern. Of course, I will go check the formation on 120m and 240m for more clues.

Trading is like a puzzle to me. I really enjoy the process of finding the solution.

I remembered one of my forex mentor told me years ago that focus on the process and money will come to your pocket!

Enjoy your trade and stay safe! Do give me a like and follow if my idea is useful.

Comentário:

The price on 60m caught my eye because it seems to close firmly below my long-term MA for the first time since April 5th. I gotta wait for more clues.

Comentário:

Alright. It failed to close below my red MA. Dollar is weak.

Comentário:

On the daily chart, it went deeply in the supply zone and respected the uptrend line. Higher high is inevitable.

Comentário:

Alright. Sells are trying to defend the zone. They barely lose the battle. Now, I'm waiting for signals on 60m

Comentário:

Alright. Let's see if this time, the red MA can be firmly violated.