EurUsd - intra-week play / swing play

2019-12-20 03:10:09

EurUsd does not look optimal for longing now.

When you look at it, it has raided all liquidity above 1.115 and targeting now sell stops liquidity. I would like to short it here and targeting down candle before that enormous expansion, that would be our first target.

If it will be weak (first support as our first target) only then I am targeting for a swing play 1.10200 as institutional level (probably in Q1 2020).

Remember when you will step into position first look for a reaction on LTF (low time frame) how resistance acts. If resistance is weak, you will not short and vice versa.

Let see how it will unfold.