Short

POSSIBLE EURUSD SHORT setting up

Updated

Month Support at the 1.15000 level has currently held although the close of last months candle still shows overall bearish momentum. The Weekly candle which also closed below the key week support level of 1.17150 also confirms bearish activity and will now act as potential resistance. Looking for a fail of the 1.17150 area before entering short.

1.7RR Trade
Stop 1.18000
Target 1.15700

Note

MOVE STOP DOWN INTO PROFIT. NEW STOP LEVEL 1.17100

Note

MOVE STOP DOWN FURTHER INTO PROFIT. NEW STOP LEVEL IS NOW 1.16700

Note

CLOSE 90% OF POSITION

Trade closed: stop reached

LAST 10% OF POSITION STOPPED OUT

EightfoldPath

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