EURUSD Institutional Short Setup

Good morning traders! With the EUR growing some legs yesterday we are nearing some decent resistance. The 1.048 figure could be a good place to get short as you can clearly see it was a level respected on both sides in the last few days. Beware though of the 1.052 figure, which is even stronger resistance. Shorting at 1.052 is a more conservative play, but at the same time if price breaks above 1.052 and holds above it then that will signal continued upside.

Regardless of your entry, as always use a 30-40 pip stop loss and look to get whatever you can on the profit side.

Good luck!

Commentaire:

placing short order at 1.0475... let's see if we get filled. Only looking to take this if it happens in the next HOUR. Canceling order by 12 PM est.

Ordre annulé:

Order removed...