Short and looking for lower prices
Price found sellers at a previous low print on 6/16 around 145.40. I sold with as stop above today's high.
My first target is the green arrow at 142.20. If and when it gets there I will decide what to do next.
Markets rarely go one way for an extended period of time. This cross has been straight up since 11/9 with one minor dip. That does not mean it will not go higher, but we as traders are looking for the best R/R. With this pair, I believe the short side is the better bet at these levels.
Would love to hear your thoughts in the comments.
Happy trading.
Last week's results.
2 trades, 1 winner, 1 loser, for a net gain of +46 pips. Not a great week, but still to positive, I'll take it.
Price found sellers at a previous low print on 6/16 around 145.40. I sold with as stop above today's high.
My first target is the green arrow at 142.20. If and when it gets there I will decide what to do next.
Markets rarely go one way for an extended period of time. This cross has been straight up since 11/9 with one minor dip. That does not mean it will not go higher, but we as traders are looking for the best R/R. With this pair, I believe the short side is the better bet at these levels.
Would love to hear your thoughts in the comments.
Happy trading.
Last week's results.
2 trades, 1 winner, 1 loser, for a net gain of +46 pips. Not a great week, but still to positive, I'll take it.
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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.