Inizia
Euro / Dollaro
Short

EURUSD: Many Reasons to Short

Di glennmercer
EURUSD has reached an excellent level to look for shorting opportunities. A daily resistance trendline has rejected price on 8/11 and sent the pair downward over some important moving averages. These averages are now being retested and are confluent with the new daily pivot. Below price, there is a missed daily pivot that may help drag the pair downward. The completion of a larger TF Gartley provides a nice target. Selling after the break of the bullish trendline is a good idea, especially in this case, since there are some high volatility news events coming up for the USD.

Bearish Confluence:
  • D1 bearish TL resistance
  • 100 Day EMA resistance
  • 500 4H EMA resistance
  • 14 4H SMA resistance
  • Daily pivot resistance
  • Missed daily pivot below price



Happy Trading!
1hDaily PivotsEURUSDGartleyglennmercergmercerfxpivotPivot PointsTrend Lines
glennmercer
Anche su:

Pubblicazioni correlate

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.