EURUSD Short

Trading Discussion
1

Okay, I am a bit late in posting this trade (spotted it yesterday) but I think there’s still pips to be earned… The H4 chart is showing a bearish divergence as seen in this chart (higher high on price, and lower high on the oscillator)… Price has also broken the support trend line…

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The price has since fallen to 23.6% retracement and stalled for the day, but we should see a fall to atleast 50% retracement ie 1.3052

Entry: 1.3220
TP: 1.3052 (50% retracement)
SL: 1.3350 (swing high)

2

Wow trade of the week!!! thanks babypips… and for those who are in this trade a slight assurance by these patterns… first is a descending triangle on the daily charts

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second, if we zoom in on the price action, again on d1, we see a pin bar followed by a bearish engulf both of which are short signals
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happy trading… remember to trade with stops and position sizing…