Euro / U.S. Dollar
Short

Oct 2: SHORT TERM SELL (UPDATE)

135
Oct 2: SHORT TERM SELL (UPDATE)
- ngl price action seems trash...
- all bullish targets but price is consolidating.

RESULT
SL HIT

CAUSES:
- OTE + S/R Flip acted as the bullish argument
- price nearly hit TP, but.. it is what it is?
- or maybe.. i already had bullish targets, and some bullish signals(divergence, etc).. so maybe instead of looking for a short entry, I waited for a bullish setup? For example, this fibonacci 0.7 + s/r flip line. it turned out to be effective.

LEARNING:
- if price seems wonky, consider the entry setups on both long and short directions.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.