EURUSD Institutional Short Setup UPDATE
Updated
The 1.048 figure had me thinking price would not get up into the 1.0506-1.052 resistance zone, but this sharp up move has changed everything.
If I see a push into the resistance zone I will be looking to get short using a 40 pip stop loss.
As always look to get whatever you can on the profit side... even if that means 10-20-30 pips... if it gives you opportunity for a profit and you wind up taking a loss then that is just poor trade management.
Enjoy!
If I see a push into the resistance zone I will be looking to get short using a 40 pip stop loss.
As always look to get whatever you can on the profit side... even if that means 10-20-30 pips... if it gives you opportunity for a profit and you wind up taking a loss then that is just poor trade management.
Enjoy!
Comment
I'm short @ 1.05115Trade active
Short from 1.05115 Trade closed: stop reached
Out 40 pip loss.Related publications
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.