There's a good profit reward on this one:
Going to short the EURUSD because I see some rejection at this resistance.
With a RSI at almost 80 in combination with this support I think we can achieve a RR 1:3
Thanks for reading and I would appreciate some feedback.
Going to short the EURUSD because I see some rejection at this resistance.
With a RSI at almost 80 in combination with this support I think we can achieve a RR 1:3
Thanks for reading and I would appreciate some feedback.
Trade closed: stop reached:
The resistance turned into support as we can see.
Small loss for a good learning.
Trading without pattern and only with a resistance and RSI is a lot riskier.
I do see another resistance at 1.1545
If there is showing some bearish pattern before this resistance I'm trying a short there again, but this time I do want to see a pattern before entering.
Small loss for a good learning.
Trading without pattern and only with a resistance and RSI is a lot riskier.
I do see another resistance at 1.1545
If there is showing some bearish pattern before this resistance I'm trying a short there again, but this time I do want to see a pattern before entering.