YongLiang

EUR/USD, DAY CHART, SHORT (18-DEC-2016)

Short
YongLiang Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Note: EUR/USD follows our breakout prediction last week.
Overall, we remain bearish on this pair.

There are 2 ways to trade this pair:
1. When there is a bearish signal appeared, we will
ride on the trend and short

2. Wait the price pullback to support zone at 1.052x
level and bearish signal to short!
Trade active:
EUR/USD pullback slightly near to the resistance line at 1.052x area and a bearish signal appeared.
A good signal to short now with smaller lot size.

EP: 1.04008
SL: 1.06744
TP: 1.00449

If the price pullback to the resistance zone again, might be a better short opportunity.
Trade active:
We decided to move our SL to reduce our risk.

New SL: 1.05496
Trade closed manually:
We remain our bearish view on this pair.
However, we decided to closed this trade early as we don't want to carry trade over the weekend
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.