EURUSD: Time to go short
In this chart I describe my forecast for the coming month.
I expect a retracement first, but it's possible to see a steep decline initially.
If we do have a retracement to the 50% level, that's a great entry, so don't hesitate on taking it.
I'll look into scaling in, for the time being leaving a sell stop under the current low, same stop, above the invalidation level, at 1.1342.
After these two positions are open, and filled, if price moves 1 ATR in our favor, we can cover half and/or move stops to BE to free up margin for scaling in some more in the future.
Target is initially at 1.078, but there's a possibility of extending all the way down to a loftier target: 1.00974.
Good luck!
I expect a retracement first, but it's possible to see a steep decline initially.
If we do have a retracement to the 50% level, that's a great entry, so don't hesitate on taking it.
I'll look into scaling in, for the time being leaving a sell stop under the current low, same stop, above the invalidation level, at 1.1342.
After these two positions are open, and filled, if price moves 1 ATR in our favor, we can cover half and/or move stops to BE to free up margin for scaling in some more in the future.
Target is initially at 1.078, but there's a possibility of extending all the way down to a loftier target: 1.00974.
Good luck!
Trade fermée: cible de profit atteinte
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.