EURUSD – Price Action Suggests a Sell On Rally | May 27

EURUSD – Looking to Sell (4hr chart)
Although we saw a price action exhaustion spike lower followed by a false break and bounce back up towards 1.09, I’m suspecting the Euro will be sold on pullbacks, so am looking to sell on a rally.

My pullback zone I’m looking to get short around is 1.1070 as this is a key role reversal level. Downside I’ll be targeting 1.09 and 1.0827. Only a daily close above 1.1070 negates my bearish bias.


Read my latest article 8 Resources for the Trading Mindset, Meditation & the Brain

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article

  • Han

    Hi Chris, thanks for your excellent sharing, many times I only see the entry setup, how do you manage the trades subsequently? ie, TP and SL?