Euro / U.S. DollarShort
EURUSD has dropped below a important resistance zone
Updated
Hi if you checked my previous EURUSD trade idea for Long Term Trader, we have earned a lot from there.
Now we watch closer to see what would happen to EURUSD.
Based on daily chart (you can also see from 4h chart), EURUSD has effectively breaks a important support zone. We just need one more daily bar closed below this zone then we have no worry to continue hold our previous short trade from 1.50000. Believe some of you have entered a better position than me, maybe almost 1.6000?
Congrats. :)
Now we watch closer to see what would happen to EURUSD.
Based on daily chart (you can also see from 4h chart), EURUSD has effectively breaks a important support zone. We just need one more daily bar closed below this zone then we have no worry to continue hold our previous short trade from 1.50000. Believe some of you have entered a better position than me, maybe almost 1.6000?
Congrats. :)
Note
Modify: 1.15000 and 1.16000. Not 1.5000 and 1.6000.Note
Nice rejection around the resistance zone.Note
More than 70 pips drop.Note
retest the resistance again.Note
Nice drop. More than 100 pips earned.Note
if touch yellow zone again, can consider to short again as from Long term (based on month time frame), I short Eurusd. For the others who trade my short term idea to long EURUSD in educational idea, please also take note the yellow zone.
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