Euro / U.S. DollarShort
I See A Potential Short move for EURUSD
PLEASE NOTE: I am using small (0.01/0.02) lot sizes as I'm not 99.99%.
So Initially I found a little buy to a small resistance level when I noticed the small rejections at the first tp of the long position, this made me look for a downside move, potentially to a key level.
It looked (1hr) since yesterday it was potentially starting a small strand to the downside so for the buy I tried to catch the retrace which went way over the 0.5 fib and hit a small resistance, but no I'm happy to believe it's going to re-touch the more major support at 1.2055.
(RSI) SL is near the overbought so I'm expecting fall of some kind shortly.
TP 1: 1.21242 (38 pips)
TP 2: 1.21 (64 pips)
TP 3: 1.2065 (99 pips)
SL: 1.21847 (24 pips)
My analysis will get clearer as time goes on but I'd appreciate any feedback you guys have :)
So Initially I found a little buy to a small resistance level when I noticed the small rejections at the first tp of the long position, this made me look for a downside move, potentially to a key level.
It looked (1hr) since yesterday it was potentially starting a small strand to the downside so for the buy I tried to catch the retrace which went way over the 0.5 fib and hit a small resistance, but no I'm happy to believe it's going to re-touch the more major support at 1.2055.
(RSI) SL is near the overbought so I'm expecting fall of some kind shortly.
TP 1: 1.21242 (38 pips)
TP 2: 1.21 (64 pips)
TP 3: 1.2065 (99 pips)
SL: 1.21847 (24 pips)
My analysis will get clearer as time goes on but I'd appreciate any feedback you guys have :)
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