Possible Short Position for EURUSD : Holding Until Next Week
Possible short position. Price has remained under the 200 EMA for several days now as well as a few weeks which still indicates a strong short bias. EURUSD has also been engaging within a trend line channel for a long period of time and I expect the price to carry on respecting this channel, therefore I will be entering a sell trade. Price has been rejected at the minimum amount of 3 points in the area of the trend line resistance which also adds on to the descending trend bias. I should hold this trade until next week as it is Friday today and I should also allow trade to carry out and run towards the Take Profit as it is on a daily timeframe and I will see how 4 or 5 daily candles will play out. I may exit early depending on how the price acts, keep an eye out as I will be following this pair closely.
EURUSD
EURUSD
تعليق:
**IN PROFIT AGAIN**
تعليق:
**Didnt check up on news as I've been busy, but we got stop hunted, broken trend line to the upside, will wait for daily candle to close and see if its above trend line. If it is then everyone enter buys as we're going upppp**
Also there is a nice Risk:Reward ratio standing at 6.09 which is equivalent to about 6/1