Appears to be struggling on 4hr & overextended on RSIs
My concern is how it's going to look on the way down.. if we see heavy support at 38.2%, then EU is going to continue to be bullish - if it falls through that then the short can remain.
Putting in a short and we'll see how it develops...
Trade active
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Entered short @ 1.12328, SL 1.12478
Trade closed: stop reached
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Stopped out due to EU spike
Trade active
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Re-shorted with smaller parcel, with SL at 1.12601. Fault with original trade - SL was not wide enough.
Comments
ZeKai
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Let's hope for the best! GL
failathon
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@ZeKai, Thanks. Also going to need it to punch below 1.121 to even start this idea... right now it's really being stubborn and not taking out any stops, but I believe I'm stuck in a waiting game right now.
ZeKai
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@failathon, Same here. This why I said let's hope for the best :)