EURUSD Short the Resistance
There's a good profit reward on this one:
Going to short the EURUSD because I see some rejection at this resistance.
With a RSI at almost 80 in combination with this support I think we can achieve a RR 1:3
Thanks for reading and I would appreciate some feedback.
Going to short the EURUSD because I see some rejection at this resistance.
With a RSI at almost 80 in combination with this support I think we can achieve a RR 1:3
Thanks for reading and I would appreciate some feedback.
Trade closed: stop reached
The resistance turned into support as we can see.Small loss for a good learning.
Trading without pattern and only with a resistance and RSI is a lot riskier.
I do see another resistance at 1.1545
If there is showing some bearish pattern before this resistance I'm trying a short there again, but this time I do want to see a pattern before entering.
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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.