EURUSD The EURUSD is in the key Fibonacci Retracement level of between the 78.6% and 88.6% levels, volume is starting to decline to the downside, we have almost a complete 5-wave move, and we have a positive RSI divergence reading, after it reach oversold levels. Nice Risk-Reward ratio here, even if it manages to sweep the lows a little bite.
Trade active
Still holdingTrade closed: stop reached
My stop loss was hit, I'm out.It broke down with strength and volume. With strong fundamental news today showing employment is stronger than expected, meaning the Fed might not be that aggressive cutting rates. Furthermore, it is going to close the week with a very strong red candlestick, suggesting more decline in the weeks ahead.
Not every trade is going to be a winner, and it is just better to accept the loss and move on to the next trade.
Related publications
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.
Related publications
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.