EURUSD at main resistance area of 1.1900
Pair is volatile but extremely overbought, expecting a short possible retrace.
Entry:
1. Aggressive Entry @ current price area of 1.1870
2. 1.1900 area
TP 1: 1.1700
TP 2: 1.1600
50 pips stop loss
1:2 and 1:4 risk reward trade.
Trade safely on this one, see my main EURUSD idea linked. I am waiting for a strong bear daily candle close and at least a weekly bear candle before trading this down to long-term target of 1.1400 handle. But this pair is a good sell for short pips. I recommend taking increments of 30-50 pips if you are selling to protect risk to the upside.
Good luck trading! Let me know how I can help.
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
Pair is volatile but extremely overbought, expecting a short possible retrace.
Entry:
1. Aggressive Entry @ current price area of 1.1870
2. 1.1900 area
TP 1: 1.1700
TP 2: 1.1600
50 pips stop loss
1:2 and 1:4 risk reward trade.
Trade safely on this one, see my main EURUSD idea linked. I am waiting for a strong bear daily candle close and at least a weekly bear candle before trading this down to long-term target of 1.1400 handle. But this pair is a good sell for short pips. I recommend taking increments of 30-50 pips if you are selling to protect risk to the upside.
Good luck trading! Let me know how I can help.
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
Comment:
Trade currently up 100 pips. TP and reenter on retrace.
