Wednesday, July 7, 2021

20210706 14.00 EURUSD trading.

      

  • Tue 20210706 14.00 EURUSD 1h (see AI settings here).
  • SMA21 was rising slightly.
  • Price moved above SMA21 rapidly in continuous 5 green bars. Sellers who entered short positions below 1.18950 during past 20 hours were stopped out. 
  • At 14.00 hours, the -1 bar strongly shot down and closed below yesterday's high. SMA21 also moved downward.
  • A sell short position sent at 1.18721 or above during the next bar could have returned at least 10 pips within 2 hours.

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