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EURUSD Short

by Yaniv E, May 16, 2023

by Yaniv Elbaz May 16, 2023

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EUR/USD

|

Short

|

H4

Timeframe:

H4

Analysis Method:

Retest of a broken trendline

Analysis:

EURUSD has broken below a trendline. A retest of this trendline may serve as resistance.

Trade Plan:

Wait for EURUSD to return to the area of 1.0930 and show price action for short

Risk Management:

Place the SL order above the marked resistance zone

Things To Watch For:

Reversal candles

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DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

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