SHORT trade idea for EUR/USD
Updated
Short trade for this pair. Looking for a break and retest of the current support (potentially more than one retest given recent price action...). I'm going to err on the side of caution with my stop for this one since it made a 100 pip move up and down within a roughly 24 hour period. If I don't get a solid break and retest and the price turns bullish, I might reevaluate my trade idea and consider a long position. I'll be looking for my entry on 15M. Here are my numbers.
Entry - 1.15885
Stop Loss - 1.16219
Take Profit - 1.15263
Risk - 1%
R/R - 2
As always,
Stay safe and stick with your plan.
Entry - 1.15885
Stop Loss - 1.16219
Take Profit - 1.15263
Risk - 1%
R/R - 2
As always,
Stay safe and stick with your plan.
Note
Welllll dang. I missed my entry on this one and decided to wait for a retest that never came. It would have ALMOST hit my profit target too. I would have been watching though and most likely would have closed the position once it started to turn around. I'll keep an eye on this one and see where it heads next week. Can't catch them all. Back to the hunt!As always,
Stay safe and stick with your plan.
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