Economic Nerd: EURUSD SHORT

Monday, December 21, 2020

EURUSD SHORT

DATE: 21 DEC 2020

INSTRUMENT: EURUSD

TREND: SHORT

CMP: 1.21699

SELL BELOW: 1.21670

SL: 1.2272

TGT 01: 1.19659

TGT 02: 1.16591

ANALYSIS:

PRICE: Making lower low for the past 2 days.

CANDLESTICK: Formed hammer on 20 December 2020 and bearish candle today confirming the bearish trend.

STOCHASTICS: %K cracks %D from the top. Confirming bearish trend

TO VIEW MY ANALYSIS ON TRADING VIEW CLICK ON THE LINK BELOW

EURUSD SHORT

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Monday, December 21, 2020

EURUSD SHORT

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