flyhorse

EURUSD - short Set Up

Short
flyhorse Updated   
FX:EURUSD   Euro / U.S. Dollar
COT report has indicated a great increase of short position
We arrived on the major bearish channel so is aspected a short leg.
There is a support on 1.18 area (T2 area) with a possible restart of long impulse

For now I open a short position and then as usually will manage the trade
Comment:
T1 close.. there will be a pull back .. potential up until 1,187 (e new opportunity for increase)
Comment:
T2 close ... Pull Back could be on going
Comment:
potential pull back target could be on 1.192 area .. so in this moment I've close half of my position and the other on breakeven

Trade closed: target reached:
T3 close
Comment:
on this pull back ... I fullfill my trade with other position short .. we will see in the next day if is a right decision
Trade closed: target reached:
T4 close also...

Trade closed: target reached:
T5 close.. trade with trailing stop
Comment:
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