I have entered a short EURUSD POSITION
Here we go again guys. I have shorted EURUSD again.
Chart analysis is quite simple:
1. DXY is seen to be bouncing off support
2. EURUSD looks weak at resistance (4h resistance = significant)
3. 200MA is going sideways = ranging market
ALSO if you go to daily and put on a 200ma, you will see 200ma is acting as RESISTANCE too
Trading should be simple guys. Just price, support and resistance and sometime fundamental news would mess with us. Thats why we have Stop loss okay!
Chart analysis is quite simple:
1. DXY is seen to be bouncing off support
2. EURUSD looks weak at resistance (4h resistance = significant)
3. 200MA is going sideways = ranging market
ALSO if you go to daily and put on a 200ma, you will see 200ma is acting as RESISTANCE too
Trading should be simple guys. Just price, support and resistance and sometime fundamental news would mess with us. Thats why we have Stop loss okay!
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