6E and EUR/USD short setup
Updated
Prior volume has formed resistance at prices 1.05 and above. The most recent movement of price into this resistance area was followed by immediate rejection. The trade setup is a short entry at or close to 1.05, with a target price of 1.03; just above support.
Below 1.03 there are multiple supports that [may] be broken: 1.01, and possibly 1.0 if 6E and EUR/USD return to the short-trend channel established August through November.
Below 1.03 there are multiple supports that [may] be broken: 1.01, and possibly 1.0 if 6E and EUR/USD return to the short-trend channel established August through November.
Trade active
Filled at 1.04545Comment
Trade is up +188 ticks, and moved stop loss to breakeven with +25 tick offset.Comment
Stop loss offset increased to +100 tick profit.
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