Hey guys,
here on EURUSD we have a nice trading setup, since we broke below the most recent low and now we are pulling back to the resistance zone. I've outlined a box (between ex support and actual resistance) and in there i'm looking for a candlestick formation, considering we've already entered an OVERBOUGHT condition.
Trade simple.
If you have any question or remark, please fill the comment section below.
Otherwise, see you in the next chart!
here on EURUSD we have a nice trading setup, since we broke below the most recent low and now we are pulling back to the resistance zone. I've outlined a box (between ex support and actual resistance) and in there i'm looking for a candlestick formation, considering we've already entered an OVERBOUGHT condition.
Trade simple.
If you have any question or remark, please fill the comment section below.
Otherwise, see you in the next chart!
Comment:
Eyes open: pin bar just formed. Ready to short. Let's see the next candle.
Comment:
If the current candle will close engulfing, i'm going to short the market.
Stop at 1,0508s
Target down at 1,0392s
Stop at 1,0508s
Target down at 1,0392s
Trade active:
Given the good entry point, i could split my position in something like this:
Trade closed: stop reached