Upcoming Short : EUR/USD Strategy with Daily Confirmation

I am an indices trader, but this time, I believe that EUR/USD is exhibiting significant potential for a downward movement. To confirm this, I'm looking for a daily candle to close below the orange line on the chart. Once that daily close occurs, I plan to take an aggressive short position. Additionally, if there is any retracement back to the fair value gap, which has currently will act IFVG, I will consider it as an opportunity.

Several factors support my bearish outlook, including the alignment of the DXY (Dollar Index) and SMT with the EUR/USD pair on the daily timeframe. Furthermore, there seems to be the formation of a bearish breaker pattern on the daily chart. Therefore, I am eager to capitalize on this trade in the upcoming days, but I require the confirmation of a daily candle close to give me the green light. Once that confirmation occurs, I anticipate a move exceeding 200 pips in the downward direction.

Trade ist aktiv:

yesterday entered in trade at 1.0790 almost up with 2R
when entered on LTF your stoploss become so thin
lets ride this

Kommentar:

trade perform very well it move nice 100+ pips , but on intraday i scalp 3 trades with nice 5r profit closing this week

Kommentar:

today got beautiful rest in asia session of oragane line and got rejected

Kommentar:

still same bais toward down side
already up 2R today in london

Trade geschlossen: Ziel wurde erreicht:

I've locked in my significant swing trade and now I'm at breakeven. That was a fantastic and profitable move of over 120 pips.

Trade geschlossen: Ziel wurde erreicht:

last tp hit