EUR/USD Short

6月16日

Context:
• DXY has upwarts potential: Supports short in EUR/USD
• Monthly neutral
• Weekly neutral to bearish bias
• Daily one confirmed bearish swing, respected daily FVG and disrespected bullish FVGs. Broke through prev. day low and took out weekly demand. Closed below these lows

Ideas / Entry:
• Short in the 4h-FVG
→ Shown with black arrow
• Preferred: Short around 1.072 which is in the area of the broken lows with 1h Reversal setup
1) Blue arrows: Reversal with respecting lower 1h-FVG. Look for entry on LTF, for example 5min-15min
2) Orange arrows: Last resort and higher risk! Needs strong and confirmed reversal on preferred 15min.

Scenario invalidated:
• 4h Close above 4h FVG
• Break above 1.0745
• High caution if 4h close above broken lows around 1.072! Immediate reversal needed (confirm on LTF), otherwise cancel trade

Stop
• Above your entry signal or 1.0745 if traded on 4h

Take Profit(s)
• 1st at daily low around 1.067
• 2nd around 1.065
• 3rd around 1.06 (optimistic)

Please feel free to comment!