MY EURUSD SHORT IDEA 01/11/2024

Mis à jour
Direction: Short

SL: 1.0849

Checklist:

- [x] MA 20 going downward
- [x] Break of Trendline
- [ ] Fib level
- [x] Bounce from a Support/Resistance
- [ ] Penetrate a Support/Resistance
- [x] Edgefinder Score
- [x] Correlation Confluence
- [x] Trading Central Preference


Technical:

1. MA 20 Yellow is falling to MA 100 and 200 (Purple and Red).
2. Red Trendline was broken recently.
3. Price bounced off from a Resistance zone.
4. No FIB level found.
5. Tradingcentral tool signaling DECLINE on Time frames 15m,1h,and 4h but it is bullish and signaling RISE on daily time frame at the moment.
6. Q4 seasonality is bullish actually but with a short term bearish.

Fundamental and economic:

1. I use Edgefinder tool which shows me a score of -1 "Neutral Bearish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
4. EUR / DE10Y is falling.
5. USD is on the rise after a recovery.
6. VIX spiked a little.
Trade fermée: ordre d’arrêt atteint
Unfortunately it was such a good setup but I was stopped out way too early and missed my chance to ride the surf.
EURUSDeurusdshortFundamental AnalysisMoving AveragesTrend Analysis

Clause de non-responsabilité