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YongLiang
Dec 18, 2016 12:11 PM

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

EUR/USDOANDA

Description

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
Comments
DXFXPro
Thanks. Parity will be a major challenge, but indicators suggest will get close
YongLiang
@DXFXPro, Yup! Let's see how far USD will be strengthen :)
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