EURUSD : SELLING THE NEXT LEG TO THE DOWNSIDE
Updated
As mentioned in the UsdChf trade idea, i am looking to sell EurUsd.
Expecting the next leg after the break of the wedge to the downside.
I am seeing slight dollar bullishness across the board and Euro seems to have difficulty to break 1.1200, thats why i triggered a sell.
Sell 1.1203 Stop 1.1233 Targets 1.1100 / 1.1070
If 1.1230 breaks i am not interested in this trade anymore, because than bulls have managed to come back into the range, and the wedge formation is most likely failing.
Please make your own trading decisions based on your own analysis. This is just my view.
Blessings to you all.
Expecting the next leg after the break of the wedge to the downside.
I am seeing slight dollar bullishness across the board and Euro seems to have difficulty to break 1.1200, thats why i triggered a sell.
Sell 1.1203 Stop 1.1233 Targets 1.1100 / 1.1070
If 1.1230 breaks i am not interested in this trade anymore, because than bulls have managed to come back into the range, and the wedge formation is most likely failing.
Please make your own trading decisions based on your own analysis. This is just my view.
Blessings to you all.
Note
Moved stop to breakevenNote
Moving stop down to 1.1165Note
i closed this position at 1.1123
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