Still interested in a short EURUSD for the week of 18/04/22
If you take a look at my post last week, you will see it was spot on. I am not posting the link to that because I am not sure if that is permitted under the House Rules. I am sure you can check that post if you go to my profile :)
Now that the small bullish move is done, I believe that the bearish trend is ready to resume.
A small pullback to 1.085 would be ideal as it gives us the possibility to have a reasonable stop loss while targeting the next support in the 1.0562 area. We have a 2.9R trade possibility that is line with the major trend.
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Always use sound money and risk management in all your trades.
Now that the small bullish move is done, I believe that the bearish trend is ready to resume.
A small pullback to 1.085 would be ideal as it gives us the possibility to have a reasonable stop loss while targeting the next support in the 1.0562 area. We have a 2.9R trade possibility that is line with the major trend.
If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications.
Always use sound money and risk management in all your trades.
Trade active:
Still staying with this trade. Hoping for larger move this week.