EUR USD Short as price falls under 14 EMA Daily

2020-01-28 18:58:57

I am looking to short FX:EURUSD after it finds its support around 1.09880


After this, I expect price to fail under the Red 14 EMA shown as FX:EURUSD is in a bearish trend


If price goes above the 14 EMA, it will then test the 50 EMA (shown in blue) which I would expect it to fail and remain bearish


Your entry point would be executed once you saw the evidence of price failing under the 14 EMA with wicks


I have drawn out what I am expecting this move to do for you


This trade is for educational purposes only, and not a recommendation to take this trade based on my charting