EUR/USD short opportunity before uptrend resumes
Updated
Hello traders.
After the last rally, this pair looks to be in a pullback, providing a nice opoortunity to go short.
I am short this pair already at 1.12170.
Another opportunity to go short again could present itself at the break of yesterdays low at 1.11744.
My target for this short is the reaccumulation area before the last mark up.
In that reaccumulation area, I'll be loking for longs below 1.10138, and target for that long trade would be 1.12698, which is an area inside a weekly rotation from February 2022.
As always, if price says otherwise, Im ready to go with the change.
I'd like to hear your thoughts on this.
After the last rally, this pair looks to be in a pullback, providing a nice opoortunity to go short.
I am short this pair already at 1.12170.
Another opportunity to go short again could present itself at the break of yesterdays low at 1.11744.
My target for this short is the reaccumulation area before the last mark up.
In that reaccumulation area, I'll be loking for longs below 1.10138, and target for that long trade would be 1.12698, which is an area inside a weekly rotation from February 2022.
As always, if price says otherwise, Im ready to go with the change.
I'd like to hear your thoughts on this.
Note
I've now moved my stop to b/e.Note
Adjusting target to 1.10442Looking to wrap this trade up soon
Trade closed: target reached
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