Euro / U.S. DollarShort
EURUSD - Short opportunity at weekly resistance
EURUSD Short trade
Reasons for the trade:
- Trend is obviously down
- Pushing into weekly pivot 1.2883
- Pushing into 100sma 1H channel high
- Pushing outside of a well defined descending channel
- At 38.2% retracement of the last swing from 1.2994-1.2815 at 1.28835
Entry: 1.2883
Target1: 1.2820
Target 2 1.2760
Stop: 1.2930+
Reasons for the trade:
- Trend is obviously down
- Pushing into weekly pivot 1.2883
- Pushing into 100sma 1H channel high
- Pushing outside of a well defined descending channel
- At 38.2% retracement of the last swing from 1.2994-1.2815 at 1.28835
Entry: 1.2883
Target1: 1.2820
Target 2 1.2760
Stop: 1.2930+
Trading success is not going to be entering winning trades, but how you exit your losing trades.
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.
Trading success is not going to be entering winning trades, but how you exit your losing trades.
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.