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Euro FX Futures (Mar 2022)
Short

Controlling TL since Feb 10th

By ctrade-77
Updated
Techonomic Trading Strategies has been looking for an area to short (scalp) the Euro. We shorted (@1.10755) after the second failed retest on the hour chart of a controlling TL that has been in place since Feb. 10th. In such volatile markets it's a double edge sword to have a such a tight stop @1.11020. However, during such volatile times, preservation of capital with tighter stops is a must in order to trade again another day.
Comment
Downside objective hit @ 1.10275 UTC 10:45 position closed.
Comment
Controlling TL takes back control
Beyond Technical AnalysisFundamental AnalysisTrend Analysis
ctrade-77
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