In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we discuss a technical sell trade in EURUSD. This is a follow-on trade from yesterday’s strong sell trade.
If you look at the daily charts, you can see that we have been in a bear trend since April 2018. However, since May 2018, we have been moving nicely within upper and lower trend lines. Two trading days ago, we saw prices bouncing off the upper trend line once more.
This, coupled with yesterday’s bearish volatility and a structural failure to the downside, gives us a great high probability trading opportunity to the downside but only below yesterday’s low of 1.1063.
Technical Sell Trade in EURUSD – Full Video Analysis
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