This pair is continuing to show bearish signs by making new lows and we now have a nice trend continuation trade setting up. If get a rally back in to 1.5070-1.5100, It will be a good place to short. The area also happens to be the 61.8 retracement of the recent downward move and I'll also like to see overbought conditions on my RSI before I take this trade. So let's wait and see what happens.
Here's a video of me explaining how I trade a trend continuation trade like this one.
youtube.com/watch?v=qed8R1DKVPI
Here's the link to my weekly video where i gave an in depth analysis of the EURUSD and USDPDY.
youtube.com/watch?v=1lVEVqqU2qc
tradewithme.co.uk
Here's a video of me explaining how I trade a trend continuation trade like this one.
youtube.com/watch?v=qed8R1DKVPI
Here's the link to my weekly video where i gave an in depth analysis of the EURUSD and USDPDY.
youtube.com/watch?v=1lVEVqqU2qc
tradewithme.co.uk
Trade closed: target reached
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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.
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.