EURUSD Short Opportunity

The price passed through the kumo. DMI confirms trend market conditions and downward movement. We have short opportunity. Place pending orders for sell at 1.17155 with stop orders above 1.18300 level. Take profit should be at 1.16150 level.

Kommentera:

The price bounced from the kumo and the trend line. Now we have to watch for price action near 1.17200 level. If the market breaks this level, we'll have a good confirmation for further downward movement. If the market bounces from 1.17200 and breaks the trend line, it will be better to close short trades and wait for new trading opportunity.