Selling the EURUSD. When to enter?
Updated
On Friday we saw positive news for the USD.
That led to rise in price pretty much everywhere and this week we will be looking for a continuation of this move.
We're looking at a possible opportunity on EURUSD.
After the drop in price on Friday, we're expecting a pullback to 1,1775.
This is a good level for short positions and as usual we will be looking for candlestick formations to give us an entry signal.
In case of a rejection of this zone then we will be entering short with targets down at 1,1710.
There's two ways to place a SL.
If you want to be more aggressive, then you can wait for that reversal and place your SL above it.
If you want to have it at the right place where the idea wouldn't be valid anymore, then it should be just above 1,1830!
Watch out for our daily analysis to see how this situation on EURUSD will play out!
Support us by follow, like and also leave a comment!
That led to rise in price pretty much everywhere and this week we will be looking for a continuation of this move.
We're looking at a possible opportunity on EURUSD.
After the drop in price on Friday, we're expecting a pullback to 1,1775.
This is a good level for short positions and as usual we will be looking for candlestick formations to give us an entry signal.
In case of a rejection of this zone then we will be entering short with targets down at 1,1710.
There's two ways to place a SL.
If you want to be more aggressive, then you can wait for that reversal and place your SL above it.
If you want to have it at the right place where the idea wouldn't be valid anymore, then it should be just above 1,1830!
Watch out for our daily analysis to see how this situation on EURUSD will play out!
Support us by follow, like and also leave a comment!
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