Here is a short eurusd
entry I am waiting for. The entry at 1.10355 makes sense as you can see from the chart there is good resistance confirmed multiple times. Eurusd
is very bearish
right now, and I am nervous that this entry may be too high and it will not get hit before it moves lower, but I am already short eurnzd
so I can take advantage of a bearish euro
with that trade if this one does not hit my entry. My target is determined by the Fib level drawn on my chart, it is a bit arbitrary but I think it works nicely. Keep in mind the situation in greece is very fluid! If a debt deal is made today or anyday this week, it will spike the eurusd
higher. If that occurs than I will remove the sell entry order, just keep that in mind if you are following along. :) Let me know what you think!