Recently,We wrote multiple times that close below 1.1075 will be bearish bias for EUR/USD. This happened on 5th of Nov. But the closing price was 1.1074 so near/close
to the level we were watching carefully. BUT yesterday's confirmation candle which is also bearish hammer has cemented our bearish bias.
WE are not making a short entry because we have risk premium on USD/CAD, where we are long US Dollar against Canadian dollar.
BUT we are 100% convinced on this SHORT SETUP, So if you don't have your capital on risk on any other currency pair you may opt for this trade.
NOTE: All SETUP ON DAILY TIME FRAME, EXCEPT THOSE WE MENTION EXPLICITLY.
to the level we were watching carefully. BUT yesterday's confirmation candle which is also bearish hammer has cemented our bearish bias.
WE are not making a short entry because we have risk premium on USD/CAD, where we are long US Dollar against Canadian dollar.
BUT we are 100% convinced on this SHORT SETUP, So if you don't have your capital on risk on any other currency pair you may opt for this trade.
NOTE: All SETUP ON DAILY TIME FRAME, EXCEPT THOSE WE MENTION EXPLICITLY.
