Short long term position
Hi everyone,
As you can see RSI is indicating an overbought pair eur/usd. If we close with this high today, next week will be shorting week.
Keep your eyes on it and get ready to enter trade on monday :)
Take profit 1 is at 1.2
Take profit 2 is at 1.1930
Take profit 3 is at 1.1860-70
Take profit 4 is at 1.1730
Long term EUR/USD should fall to 1.14-5 area
If we go up further than 1.2550 I suggest close any short positions and aim for longs.
Thank you
As you can see RSI is indicating an overbought pair eur/usd. If we close with this high today, next week will be shorting week.
Keep your eyes on it and get ready to enter trade on monday :)
Take profit 1 is at 1.2
Take profit 2 is at 1.1930
Take profit 3 is at 1.1860-70
Take profit 4 is at 1.1730
Long term EUR/USD should fall to 1.14-5 area
If we go up further than 1.2550 I suggest close any short positions and aim for longs.
Thank you
Trade active
Im starting my trade right now. you can set your stop loss at 1.12330 or like me on 1.2430Good luck :)
Trade active
The trade is still active, if we hold that position for the next couple of days, there should be a grand shortage next week
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.