EURUSD: How to Short in Bullish Market
The price broke a solid resistance at 1.20000 and moved upward. Those who could catch a reversal signal in the hourly timeframes and open long positions should now think about where to fix the profit.
Those who missed buying opportunities now should stay away from the market and wait for a new trade opportunity.
Probably you won't believe me, but my short trade against the main bullish trend also gave a very solid profit. I wrote about this bearish setup from 1.20000 in this post. Yes, you can make a profit trading in different directions in the same market. For this, you need the right knowledge and a good trading plan.
Don't forget that knowledge = superpower!
If you missed short and long opportunities, it makes sense to wait for a possible reversal from the resistance zone at 1.22000 level. If the price bounces, it will give bearish setups in the hourly and minutes timeframes. The main profit target should be at 1.20000, which will act as new support. Stop orders for all trades must be placed above the resistance and the local swing high.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Those who missed buying opportunities now should stay away from the market and wait for a new trade opportunity.
Probably you won't believe me, but my short trade against the main bullish trend also gave a very solid profit. I wrote about this bearish setup from 1.20000 in this post. Yes, you can make a profit trading in different directions in the same market. For this, you need the right knowledge and a good trading plan.
Don't forget that knowledge = superpower!
If you missed short and long opportunities, it makes sense to wait for a possible reversal from the resistance zone at 1.22000 level. If the price bounces, it will give bearish setups in the hourly and minutes timeframes. The main profit target should be at 1.20000, which will act as new support. Stop orders for all trades must be placed above the resistance and the local swing high.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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