EUR/USD - 200 Pips + Long Term Short Opportunity

EUR/USD is in a very bearish trend and may continue it's loss further down until it finds its next support.

This is a long term short opportunity and could either simply go down 200 pips, or 400 pips or even 600 pips. We will see how it performs as it goes.

However, in the short/mid term, there is indeed a short opportunity of somewhat 200 pips.

I will keep my eyes on it and invest after enough confirmation about its next down move is available. As it's possible it may first go up and meet the resistance and then begin its descend further down.

Wish you all the best!

Transaction en cours

Trade fermée manuellement:

I closed back my positions as it was not able to break it's support yet (1.16 level).

We'll see how it goes and I'll open back my short position eventually.

Transaction en cours:

In the long term the position is still active. Just make sure you leave enough SL.

I closed my position in the short term for now.

Commentaire:

Temporarily close your position as it might head back up because it wasn't able to break it's support and wait for the next sell opportunity.

Ordre annulé:

EUR/USD proved that it has more under it's belt.

From what we can see on the weekly time frame, a continuation pattern is unfolding itself.

This could actually be a good opportunity to long EUR/USD on the very long term if the current price level holds.