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FX-TradingLions
Nov 20, 2023 3:07 PM

EURUSD | COULD HAVE A PULLBACK? SELL Short

Euro Fx/U.S. DollarFXCM

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Hey Traders!

Okay this trade is against the overall market trend which is typically bad news, however we are sitting a important monthly pivot line 1.09434 in combination with the overbought RSI + the recent bearish harami candlestick formation. I believe should have a pullback towards the 20 MA which is around 60 pips, if that breaks then surely it will drop further down. 📈✅

Since its a reversal trade, I would lower lot size, because the risk is always higher when trading pullbacks.
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