After 19 days of holding my short, am now going long.

In my chart, I have my descending channel of the overall currency pair EURUSD. In my earlier post, I shorted the eurusd bounce at 1.1145 and have finally closed my position. On the daily chart, we are near a doji at/ near a double bottom/ or 50 pip higher low. With the market unable to break through 1.10, I see a great opportunity to long and look for a breakout into 1.12 and into 1.161 fib extension where I will to look to short EU.

Commentaire:

closed position +5 pips as eurusd did not break above resistance at 1.105