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dewpoint
Oct 27, 2017 10:46 PM

400 - Short potential trade Short

EUR/USDOANDA

Description

I'm currently short the EURUSD.

I'm looking to scale into that position on a possible pullback to the 50% & 61.8% Fibs levels @ 50% = 1.1700 entry, and then at the 61.8% = 1.1730, wide stop loss at 1.1840.

TP is 1.13000.

Late afternoon i opened a short term long position at the 1.1594 with a target at 1.1700 with SL at 1.1550.

Comment

Initial long TP changed from 11700 to 11687.

1st short entry changed from 11700 to 11687.
2nd short entry at 11700
3rd short entry at 11715

Comment

Short term long Target hit at 11687 - trade closed.

Limit short order opened at 11687, let's see if we get some further upside here, i still have other short orders in place-
2nd short entry now at 11690
3rd short entry now at 11700, it may go higher, if it does i'll just scale into the position
Comments
PHILOOS
Do you reverse now short to 1.150 ?
dewpoint
@PHILOOS, Hello, I had a sell order at 11687 which was filled, i wouldn't add to that position right now as we could see a retest of todays high, it could even go a bit higher. My TP is 11300, but i might lower to possibly the 11250.
PHILOOS
Same vision. Good job
dewpoint
@PHILOOS, Thanks
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