EUR support turned resistance SHORT
EUR broke "M" formation and tested support turned resistance. Also price tends to pull back to the 21ema which would be good odds to take on in favor of the trend.
entry: 1.07800-1.0800 area
stop: 1.08400
Target: 1.05700 area
Risk:Reward 1:4.
entry: 1.07800-1.0800 area
stop: 1.08400
Target: 1.05700 area
Risk:Reward 1:4.
Note
We are testing support turned resistance, thats why we have a tight stop incase resistance becomes support again. KEEP YOUR STOPS SMALL AND LET YOUR OTHER WINNING POSITIONS RUN. THE ONLY WAY TO WIN AT THIS GAME.
Note
Closed position with a very small loss. Chinese stocks are halted. Lots of turmoil going on around the markets. We will continue to manage our other open positions.
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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.