daytradersfx
Short

Sell the @#$% out of this break out level!

FX:EURUSD   Euro / U.S. Dollar
I've been discussing selling EURUSD             for some time now, it keeps pulling back small and selling off bigger. There's assortment of pivots that make it look like a trend is starting to pick up momentum.

Draghi's comments today had some pretty serious mixed reactions for euro             pairs, the overall takeaway was, we're probably going to sell the curly hair out of the EURUSD!

1.0910 was Brexit low for this pair, now we're right back to retest that area, a break below here looks great!

Here's what I'm going to be doing:

sell break of 1.0910
targeting 1.0700 and 1.0650
stops- moves back above 1.0950 will make me look for small losses and reassessing the set up.
Trade active: I'm currently short EURUSD with a smaller position at 1.0900, I'm completely prepared for this to pull back to the 1.0920-50 zone, at which point I'll add another short position, slightly larger this time.

Stops at this point are above the draghi high of 1.1035 area
Pls comment still short ?
Reply
daytradersfx rejuvenationrepair
see trade update above
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thx :-)
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When yo say "sell break of" you mean you don't have to wait for a daily close below that level, because it could break temporarily then go back above that line?
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see trade update above
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