Euro / U.S. Dollar
Short
Updated

EURUSD short term bearish?

64
Please give me an insight if this, through your experience, is a good set up for a sell.
Trade active
I am waiting for 14:00. This is when liquidity decreases (NY Afternoon). When the high is stable on the daily, I will then take a short trade. If not, and it breaks the daily resistance line, then I will not take any trades.
Note
This also seems like a resistance that has been respected in the past days.
Note
The resistance line i drew has been pierced. This means that there is still bullish strength and volatility. Therefore, I will wait until 14:00 PM GMT to look for sell opportunities as it is expected for volatility to decrease around this time.
Note
As mentioned before, the bulls pushed further

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