In this hourly chart we can see already one shooting star, indicating that traders are taking SHORT positions around 1.1406, RSI also shows that it is OVERBOUGHT, but there is an UpTrend in the short term that it might go further up, before going back dow, that is why we are entering around 1.146 and we will be very risky in case it continues to go up.
The #eurusd pair is entering correction mode, and we might not see the #eurusd go below 1.13 in the near future. This could be a change of trend actually, but we trade the trend. We are going to start shorting the #eurusd again at 1.1455, we will place a Stop Loss at 1.156 Yes it is a high risk trade, but the signal indicated that this pair might be trading in a channel between 1.156 and 1.13
We will take half of the profits at 1.1430.
So, get ready to short this money making machine.
The #eurusd pair is entering correction mode, and we might not see the #eurusd go below 1.13 in the near future. This could be a change of trend actually, but we trade the trend. We are going to start shorting the #eurusd again at 1.1455, we will place a Stop Loss at 1.156 Yes it is a high risk trade, but the signal indicated that this pair might be trading in a channel between 1.156 and 1.13
We will take half of the profits at 1.1430.
So, get ready to short this money making machine.