EURUSD 4H SHORT

EURUSD - SHORT

What are we expecting?

- USD Strength -EUR weakness = EURUSD Short.

What is our confirmation?

- We have seen price has been battling in a range around our 0.618% fib levels and now we have seen nice rejection wicks for added confluence.
- Once price breaks through Our Risk Trendline (Highlighted in orange) we can look to enter short positions.
- DXY Strength Is Needed before entering, so keep a close eye on the DXY Index.

Where shall we enter?

- We can enter a safe position once the WFB trendline has been broken as this will give us more added confirmations for short positions.
- Wait for a Break & Correction for safe entries for added confluence.

Once entered where will our SL BE?

- SL will be above high of previous candle the closes through the trendline for a safe SL

Targets?

- 0.9500