The last two days have been strong down moves for EURUSD.
If during the London session today the price returns to the demand area between Tuesday's low and yesterday's high (1.2942 - 1.2912), this is an excellent area to short.
We are now in the zone, although price is moving aggressively and is on the wrong side of the EMA 200, so it is time to sit tight and wait for things to turn around.
We are now in the zone, although price is moving aggressively and is on the wrong side of the EMA 200, so it is time to sit tight and wait for things to turn around.
ReplyDeleteThere was a plausible entry a while ago on the 15 minute chart, a large engulfing down bar, but I would not have been comfortable with this trade.
ReplyDelete