EURO Short Signal
Updated
New Signal
EUR/USD
Sell, Short
Entry: 1.0999
Stop-loss: 1.10250 (-26 pips)
Target: Open
This is a risky trade. Short interest is up 32% today alone for Euro sell positions. I feel from backtesting that 1.1 is a strong enough price for supply to suppress volume, making the overall bias as bearish. We're joined by a lot of other retail traders in taking this trade, which can result in being targeted for stop-hunting. If we are stopped out, re-entrys are planned.
EUR/USD
Sell, Short
Entry: 1.0999
Stop-loss: 1.10250 (-26 pips)
Target: Open
This is a risky trade. Short interest is up 32% today alone for Euro sell positions. I feel from backtesting that 1.1 is a strong enough price for supply to suppress volume, making the overall bias as bearish. We're joined by a lot of other retail traders in taking this trade, which can result in being targeted for stop-hunting. If we are stopped out, re-entrys are planned.
Trade active
EUR/USD UpdateInstant decline in price, getting us +10 pips without any drawdown whatsoever. Stop-loss should be moved to break even at 1.09788, which is 10 pips away.
Trade active
EU Signal UpdateTrading +18 pips in profit without a single pip of drawdown. We've moved our stop-loss to entry (1.0999) for a literal risk free trade.
Trade active
+22 pipsTrade active
EU Signal UpdatePrice has begun to deteriorate from our entry just below the key level of 1.1.
We're currently floating +30 pips in profit. Considering there was no drawdown whatsoever, taking partial profit is suggested. Our downside target is 1.088 (+118 pips) which is the previous low in the longer-term trend.
Trade active
EU Signal UpdateWe remain in this trade from yesterday, up +25 pips after a push higher during the Asian/Sydney sessions.
Trade active
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