EURUSD Daily Short, 1 Hour looking for an up retracement

Oke so this idea is maybe a bit unclear, but I publish it anyway so that tomorrow evening I can look back and see how it evolved.

At the moment the daily time frame is a clear short, if you plan to hold your position for a few days then dont even think about buying it.
The 1 hour time frame looks more interesting, as you can see it has developed a so called bullish wedge, meaning price will soon break out
to the upper side of the wedge.

Since the daily looks very bearish I predict that we soon see a retracement around current levels up to 1.1840 before the big down move continues.

How to trade:
If you got guts then scalp a buy for 30-35 pips and then enter a short for 100 pips.
If you play it safe then wait for the spike and enter a sell.

Tomorrow when this upmove has happened I might publish a new EURUSD idea based on the daily time frame.

Commentaire:

Playing out like expected. 10 more pips and I go short with a 35 pip stop

Transaction en cours:

sell activated at 1.1840

Commentaire:

stop lowered to 1.1822

Commentaire:

Nice profit. Will take my profit before NFP gets out. Dont wanna gamble this nice profit on it

Trade fermée: cible de profit atteinte:

100 pips now on the sell position. Together with the retracement its a 140 pips total. Took my profit to enjoy the weekend

Commentaire:

120 pips now on the sell if you kept it open