EURUSD short Idea: EU approaching Resistance zones to watch
Updated
EU has been on a tear lately, despite any ''good'' news (econ or otherwise).
Being an EU bear, I am always looking for short entries which start as scalps.
If scalp survives, I take profit on 1/2 position and leave traling stop on rest.
1.1350 round looks like a great first attempt to short.
1.1365 zone would be next one to watch, but not strong.
1.137x area should be the Ideal entry if it goes that high.
Sooner or later, am hoping to catch ''the'' top and then add shorts as it drops.
My last plan (click here) gave 3 entries: 2 winners, 1 loser, all closed out..
Thus it is important to take some profits at exepcted support zones and go from there.
.
In the long term, I am still expecting 1.07 as the final target
Being an EU bear, I am always looking for short entries which start as scalps.
If scalp survives, I take profit on 1/2 position and leave traling stop on rest.
1.1350 round looks like a great first attempt to short.
1.1365 zone would be next one to watch, but not strong.
1.137x area should be the Ideal entry if it goes that high.
Sooner or later, am hoping to catch ''the'' top and then add shorts as it drops.
My last plan (click here) gave 3 entries: 2 winners, 1 loser, all closed out..
Thus it is important to take some profits at exepcted support zones and go from there.
.
In the long term, I am still expecting 1.07 as the final target
Note
Here we are at the first resistance zone, and price definitely noticed. Watching closely. .
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