TheBulltrader
Short

EU Resistance Short Trade

FX:EURUSD   Euro / U.S. Dollar
121 3 3
EURUSD             has been trying to break the 1.103 resistance and has been unable to during the London Session. I'll am short EU for another go looking for 1.09 with trailing stoploss into the profits! RSI divergence on the 1H and broke RSI trendline on the 15 minutes.
that level is a nice resistance area. but don't you think it's a bit risky to trade such counter trend move?
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TheBulltrader LorenzoDecaria
Every trade has risk and this trade had very small risk because price had previously refused to go above 1.103 twice already. The longterm trend is still downwards so technically it's trading with the trend. Also, the market was showing fatigue as it started to trade sideways after extended upward moves.
Reply
LorenzoDecaria TheBulltrader
you are right, and the market rewarded you! congrats!
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