Hi Friends!
See EURUSD Weekly Sell idea linked below:
We bounced off at monthly downtrend line and closed under it (profited 100 pips).
Indicators:
Wait for 1.1700 handle to break and close below (indicate seller power)
Entry:
Enter at retest of 1.1700 handle as new resistance level
TP:
1.1500 area
I recommend taking profits in 40-50 pip ranges to lower risk.
Good luck trading!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made simple
See EURUSD Weekly Sell idea linked below:
We bounced off at monthly downtrend line and closed under it (profited 100 pips).
Indicators:
Wait for 1.1700 handle to break and close below (indicate seller power)
Entry:
Enter at retest of 1.1700 handle as new resistance level
TP:
1.1500 area
I recommend taking profits in 40-50 pip ranges to lower risk.
Good luck trading!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made simple
Comment:
EURUSD hit 1.1700 this morning, will need a break and close below before we look to sell.
