EUR/USD Consolidation Short
Newest trade setup involves waiting for EUR/USD to reach the top of the consolidation where is will most likely be met by strong resistance.
Here is the view from the weekly chart. Here you can more clearly see that the overall trend is bearish.
I could open a trade to ride to the top of the consolidation but the R to R is not good enough since I would need to compensate my position size for a larger stop loss.
Here is the view from the weekly chart. Here you can more clearly see that the overall trend is bearish.
I could open a trade to ride to the top of the consolidation but the R to R is not good enough since I would need to compensate my position size for a larger stop loss.
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