Short EURUSD after failing to get higher
Chart says it all I think. Number of tests of 1.1280 area that was resistance in the past as well which also made euro go lower again. Candle of the 15th made a new low and if current levels can hold we could see a retest of 1.1120 area and even a break. If it does break I expect it can go as low as 1.0870. If we go back up and even break 1.1280 area this short scenario is of course negated. I'm supported by an RSI that is moving lower and made lower highs while the price made higher highs which indicate a bearish divergence. Especially on the daily this is a good sign for a possible reversal.
Trade active:
Trade active at 1.1175 with an initial target at around 1.1 and depending on how the pair moves, a second target around 1.0890-1.0870.
Comment:
Looking good, nice big bearish candle yesterday and today seems to be bearish as well. We could see a break lower tomorrow(/Wednesday).
Comment:
Keeping my short biase as long as we don't move strongly and close above 1.13.
Comment:
Short biase remains but I have changed my view on the levels. Also, still holding my short but added to my position which pushed the average price to 1.1234.
Trade closed manually:
Fucked up with this one. Remained short biased too long even though all the signals were showing otherwise.