Euro / U.S. DollarShort
EUR/USD - Short Position
Feeling a downward trend is coming for the currency pair for the next 24-48 hours:
- Recently overbought, but made a reversal recently below the 70 mark (typically price action I use to determine a switch in the trend).
- Good set of resistance (as indicated by the red).
- VFI has just about started to drop, hoping to see a slightly stronger bear takeover.
I'll be closing the position when/if:
The RSI drops to 30 or below
The VFI drops below the median
Happy trading!
- Recently overbought, but made a reversal recently below the 70 mark (typically price action I use to determine a switch in the trend).
- Good set of resistance (as indicated by the red).
- VFI has just about started to drop, hoping to see a slightly stronger bear takeover.
I'll be closing the position when/if:
The RSI drops to 30 or below
The VFI drops below the median
Happy trading!
Note
VFI isn't looking exactly how I planned at this point in time, will definitely realising full gains when RSI hits 30!Note
Closed the position at 17:00 BST yesterday. Nice!
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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.
Disclaimer
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.