EU Signal Update (10/7)

FX:EURUSD   Euro / U.S. Dollar
Oct 7
New Signal
Sell, Short
Entry: 1.0999
Stop-loss: 1.10250 (-26 pips)
Target: Open

This is a risky trade. Short interest is up 32% today alone for Euro sell positions. I feel from backtesting that 1.1 is a strong enough price for supply to suppress volume , making the overall bias as bearish . We're joined by a lot of other retail traders in taking this trade, which can result in being targeted for stop-hunting. If we are stopped out, re-entrys are planned.
Oct 7
Trade active: EUR/USD Update
Instant decline in price, getting us +10 pips without any drawdown whatsoever. Stop-loss should be moved to break even at 1.09788, which is 10 pips away.
Oct 7
Trade active: EU Signal Update

Trading +18 pips in profit without a single pip of drawdown. We've moved our stop-loss to entry (1.0999) for a literal risk free trade.
Oct 7
Trade active: +22 pips
Oct 7
Trade active: EU Signal Update

Price has begun to deteriorate from our entry just below the key level of 1.1.

We're currently floating +30 pips in profit. Considering there was no drawdown whatsoever, taking partial profit is suggested. Our downside target is 1.088 (+118 pips) which is the previous low in the longer-term trend.
an hour ago
Trade active: EU Signal Update

We remain in this trade from yesterday, up +25 pips after a push higher during the Asian/Sydney sessions.
Trade active:
Nice Idea. Im waiting for long
AlchemyFX DaweFXHunter
@DaweFXHunter, Well done!
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