EURUSD SHORT

EURUSD SHORT

Why are we entering?
- Expecting USD strength during FED (26/27 July) & we are expecting upcoming EUR strength
- in subwave 4 now which is a ABC corrective wave where we are seeing a 335 correction
- Expecting rejection from our 0.618 finonacci level and descending trendline

What is our confirmation?
- Rejection of 0.618 fib level
- Break of WF

Entry
- Safe Entry: Rejection of fib & trendline and break of RISK trendline once drawn
- Risk Entry: Rejection of fib & trendline
- Risk Entry 2: Early break of RISK trendline / WFB

Once entered, where will our Stoploss be?
- Above wave 4 invalidation structure 1.039 (30 pips)

Where do we take profits?
First TP: 1.00 (350pips)
Second TP: 0.98 (560pips)
Third TP: 0.955 (800pips)