EURUSD: Short-term side lines, Mid to Long-term bear
7/24 - Mid - Long term bias is SELL / Bear, however the short-term bias is neutral to moderately bullish.
Because of short-term bias and current risk/reward is unfavorable, I am currently waiting for a better opportunity to open a short position. Would CONSIDER opening sell position closer to 1.1000 with tight S/L and closely monitoring when to take gains. (H1 & H4 time frames)
Based on D1, risk/reward becomes more favorable above 1.1125.
Most likely staying on sidelines until next week AND when risk/reward comes more desirable.
Let me know your thoughts.
Because of short-term bias and current risk/reward is unfavorable, I am currently waiting for a better opportunity to open a short position. Would CONSIDER opening sell position closer to 1.1000 with tight S/L and closely monitoring when to take gains. (H1 & H4 time frames)
Based on D1, risk/reward becomes more favorable above 1.1125.
Most likely staying on sidelines until next week AND when risk/reward comes more desirable.
Let me know your thoughts.
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