texagg22
Short

EUR/USD 10-1 Risk/Reward Short Entry

FX:EURUSD   Euro / U.S. Dollar
It seems to me like the EUR/USD is currently forming a bearish continuation triangle on its daily time frame...YEearly support is RIGHT below us so conventianl wisdom might tell you not to short here but I think that this trangle is going to break to teh down side and provide us with some juicy profits...Technically this bear flag could go all the way down to .85ish but that seems like to large of a target for my taste so I am going to target 1.10 first and S1 if we continue bast that. Thank you for your time and all the best
Comment: We were stopped out but our s/1 target still seems legit

Comments

How to make a profit from a small 5% difference (1.15/1.09), are you using leverage and big amounts in forex or som brokerage firm? Is the profit from buying EUR or from buying USD? Thanks for the tips.
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