22nd of July
EURUSD is moving as expected and is now heading down to 1,1700.
If you have short positions I would suggest that now you move your stops and reduce the risk.
But you can also look for new entries! Here's your options:
The current resistance after yesterdays fall is at the 1,1780-90 zone. In case price reaches those levels and it rejects them, you could make an entry with SL above 1,1830.
The other option is to wait for a breakout of the 1,1760 level and then to look for rejection again on the retest. In this case you can also use a more aggressive SL which could be above the rejection candle.
In both scenarios our targets will be 1,1700.
Follow us to see how this trade goes.