EURUSD D Short Setup

מעודכן
Looking at a potential short setup on EURUSD D:

Type: SHORT
Entry: To be determined/tentative (market closed)
SL: 1.10706
TP 1: 1.09768
TP 2: 1.08941 (continuation trade TP/target)
Invalidation: Close above the baseline or a hard close under 1.10026 (purple marked horizontal line)

C1: Valid. Megatrend is red/bearish.
C2: Valid. RSX is below midline and LSMA-D is falling and below 70.
Exit Indicator/Gatekeeper: At critical juncture -
if blue line goes through green, short is greenlit.
Blue line = fib wavetrend
Red = medium term fib ma
Green = long term fib ma/base

However since they're both just under 0.618 fib, probably of bounce cannot be ruled out. Slow wavetrend (gray) has not crossed down 75 or started to curve down. 12HR Volume Profile POC (white) is below 1D POC (gray) - making note to monitor if POC levels change or flip.
עסקה פעילה
SHORT play is active - blue line crossed through green on gatekeeper/exit indicator.
SL, TP1, TP2 all in place.
תמונת-בזק
הערה
Setup has high probability of being invalidated on 6H/4H:
תמונת-בזק
תמונת-בזק

Exit Indicator/Gatekeeper is showing signals for reversal on 4h/6h.

R on full trade with both TP levels being hit would be 2.65 R - trade remains open despite high probability of invalidation due to rule setup (SL not hit, baseline cross up not happen yet).
הערה
EURUSD D trade update - still looks like a potential reversal is on the horizon. Trade remains open due to setup rules, and it's technically not invalidated yet (no baseline cross or SL hit):
תמונת-בזק

just because a setup does not look like it's going to go your way means that you close it early under a layered system
would rather my SL be hit or baseline cross happen for invalidation than close early otherwise a portion of the system i'm using to trade becomes invalidated
with a strategy like this, losses will happen and there will be trades/trending moves you will miss, but there's no excuse for not having a win because you closed early and didn't follow your own system
עסקה סגורה: הגיע לסטופ
Trade closed. SL level reached.
EURUSDeurusdshortTechnical IndicatorsnnfxTrend Analysis

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