Euro / Dollar AméricainMis à jour EURUSD Trading Plan
On Daily TF, a bearish engulfing candle occur. A Double Top occurred as well. Please refer to the chart below
Technically, mid-term I am EURUSD biased. Intraday there will be ebbs and flows that are tradeable, both ways. On Friday price had a waterfall move that exceeded the EURUSD daily range (70 pips). By default, I will always turn my short-term bias into a "retracement mode", hence I am looking a test on the potential daily pivot for Monday where I will look for a bearish engulfing candle so I can short it.
(Purple thick arrow) : I am not ruling out upon Australian open/Tokyo open, the EURUSD short continues and perhaps test further low. When that happens, I will still wait for a pullback and perhaps a test on the weekly pivot and wait for a reaction there (look red arrow)
(Green arrow) : another potential that could happen is a full retracement and paring the EURUSD losses OR at least 68-80% of the Friday move. Unless it is backed by news or obvious sentiment, I will probably ignore this move and wait for a bearish continuation signal. A retest on Friday's high would be awesome too. If theres a breakout from it then my bearish plans would be invalidated
Technically, mid-term I am EURUSD biased. Intraday there will be ebbs and flows that are tradeable, both ways. On Friday price had a waterfall move that exceeded the EURUSD daily range (70 pips). By default, I will always turn my short-term bias into a "retracement mode", hence I am looking a test on the potential daily pivot for Monday where I will look for a bearish engulfing candle so I can short it.
(Purple thick arrow) : I am not ruling out upon Australian open/Tokyo open, the EURUSD short continues and perhaps test further low. When that happens, I will still wait for a pullback and perhaps a test on the weekly pivot and wait for a reaction there (look red arrow)
(Green arrow) : another potential that could happen is a full retracement and paring the EURUSD losses OR at least 68-80% of the Friday move. Unless it is backed by news or obvious sentiment, I will probably ignore this move and wait for a bearish continuation signal. A retest on Friday's high would be awesome too. If theres a breakout from it then my bearish plans would be invalidated
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.