Euro / U.S. DollarShort
EURUSD_Short Setup
Updated
Hi fellow traders,
EUR/USD has broken down the minor up trend channel and is heading downward. In my technical point of view EURUSD will be in the next trading days within the drawn-down channel as depicted; thus the bottom must be hit/touched soon, which is then as my take profit zone.
I have put three short price levels for EURUSD, for a slightly pullback is possible and best short level should be there ( alternatively you can consider to short EUR/USD when it touches the upper drawn-down channel line.
S/l we set as default at the last peak at 1.1180.
For your info and also as reminder that my trading setup here for profit taking pls refer to my initial info at following link:
tradingview.com/chart/XAUUSD/8cSISe50-Trading-Setup-Info-Starting-In-02-June-2016/
If my trading setup for each updated instrument would reach the average profit taking, secure levels, then consider yourself and decide how to deal with this according to the market situations at that time, instead of strictly remaining at the target zones.
If I am available to follow up with you, then I will give my comments below.
Trade well!
m2m
EUR/USD has broken down the minor up trend channel and is heading downward. In my technical point of view EURUSD will be in the next trading days within the drawn-down channel as depicted; thus the bottom must be hit/touched soon, which is then as my take profit zone.
I have put three short price levels for EURUSD, for a slightly pullback is possible and best short level should be there ( alternatively you can consider to short EUR/USD when it touches the upper drawn-down channel line.
S/l we set as default at the last peak at 1.1180.
For your info and also as reminder that my trading setup here for profit taking pls refer to my initial info at following link:
tradingview.com/chart/XAUUSD/8cSISe50-Trading-Setup-Info-Starting-In-02-June-2016/
If my trading setup for each updated instrument would reach the average profit taking, secure levels, then consider yourself and decide how to deal with this according to the market situations at that time, instead of strictly remaining at the target zones.
If I am available to follow up with you, then I will give my comments below.
Trade well!
m2m
Trade active
both 1st short zone and 2nd short zone have been hit.Note
EURUSD makes now a new lower lows since 15/07/2016, it is a good sign that the bottom line as mentioned will be touched.You can consider now about the secure of your short position according to the updated below in June 2016:
Trade closed manually
I closed all short positions with EURUSD and am content with it :)
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