eur/usd has fully reversed down to the bottom of he range (rectangle) so the trade has worked out so far but the questions is what to do next. I am watching the downward regression line. As long as we stay below the downtrend line then I will hold the short position. Hopefully the monthly rate of change continues downward as we break below the low of the range. But if we rally off the low end of the range and close above the trendline then I will close my position.
Stay Curious
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Stay Curious
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.