Euro / U.S. DollarShort
02/17/21 EURUSD Psychology
-After breaking below support EURUSD breaks above with weak candles (as i found it usually does) and then preceded in a downward impulse (again as i found it usually does in my experience).
-after hitting my second take profit some resistance followed implying a possible reversal. However the line at 1.20600 was a target i wanted to see reached knowing that its a significant price level we seen in the previous days. Im in a dilemma where i'm not sure whether i should be taking profits and close position or to hold it and look for that price target.
-I think the smartest thing to do is to know that if I'm looking for that price target (with my experience) institutions are probably looking at it as well. I should go break even on the trade and look for that price target to be reached. If it goes up then i'm out.
-after hitting my second take profit some resistance followed implying a possible reversal. However the line at 1.20600 was a target i wanted to see reached knowing that its a significant price level we seen in the previous days. Im in a dilemma where i'm not sure whether i should be taking profits and close position or to hold it and look for that price target.
-I think the smartest thing to do is to know that if I'm looking for that price target (with my experience) institutions are probably looking at it as well. I should go break even on the trade and look for that price target to be reached. If it goes up then i'm out.
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