Similar to my USDCHF trade, I took a short, but this time admittedly at an unoptimized position. This pair tested a weekly support turned resistance level. I have received confirmation that there is bearish momentum given by the dominant red bar days after I placed my initial trade. This trade could've been optimized so I am currently suffering from a smaller reward to risk ratio. Nevertheless, profit target has not been set and stop loss will be tightened up as this pair continues lower.
~Financial Gambler, or at least that's what they call us retail traders
~Financial Gambler, or at least that's what they call us retail traders
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.