theforexportal

SELL EURUSD brewing - Big number and WR1 Resistance

Short
theforexportal Mis à jour   
FX:EURUSD   Euro / Dollar Américain
I have a SELL STOP placed at 1.1000 on EURUSD with a STOP above at 1.1040 (40 pips) and a TAKE PROFIT at 1.0800 (200 pips) though will be adjusted if the trade fires depending on momentum.
There's a nice trend line just where we are now at market ( 1.0969) so price may not get to the SELL STOP so I'll be looking to SHORT if the BEARS enter the market early.
I'm still favouring a move to WR1 Resistance which will be a powerful target for EUR/USD BULLS.1.0950 will trigger a manual SHORT trade if the smaller time frames support.
Transaction en cours:
BEARS jumped in without waiting for WR1 so I jumped in with a manual SHORT at 1.0980. The EUR isn't particularly weak against some currencies but this is a reflection of BULLISH sentiment with the USD. GBPUSD has fallen heavily and USDCAD and USDCHF have moved north mirroring a rise in the Dollar Index.
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.