EURUSD to go down, following the descending channel
EURUSD is at the top of a descending channel, so we can try to find any action by sellers, confirming that this is a good level to get in with a short position.
At the moment, on the H4, we have a good upper shadow hitting the upper part of the channel, but I would like to wait for a stronger action, so I place a sell stop entry order at 1.1110, so we can verify if sellers are able to push the price lower than this.
Price is still more than 20 pips far from our order, so let's see if it is going to be triggered.
At the moment, on the H4, we have a good upper shadow hitting the upper part of the channel, but I would like to wait for a stronger action, so I place a sell stop entry order at 1.1110, so we can verify if sellers are able to push the price lower than this.
Price is still more than 20 pips far from our order, so let's see if it is going to be triggered.
Trade closed: stop reached:
Stop loss reached.
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