2409 EURUSD have a chance to 1.155-1.135 or make a new lows

FX:EURUSD   Euro / U.S. Dollar
EURUSD is facing a resistance zone since LAST FRIDAY.
What does it means?
Do you mean you can short now?
To my experience, that depends.
We have our last long trade on EURUSD entered at 1.161, and with TP2 hit , only 1/4 size left with no risk because we always move our SL to our entry after TP1 hit. So that trade is under no risk.
So we can keep our 1/4 trade to see how it go without any hard feeling if OUR NEW SL hit. And the 1/4 trade still has a chance to have all targets hit.

For a trade that want to short EU, probably not a good idea to enter now without any observation. Just like us, there are still some buyers dont want EU down now, so sideways movement is possible used to kill all those buyers' trades.

Technically, it needs EU to move right to break the channel . So on that case, EURUSD would have a chance to 1.155-1.135 or make a new lows.

So technically analysis is one thing, your position is another thing that affect your trading strategy.

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Thank you Vera. We are already short on the neckline's Resistance. 1.1530 should be tested again:

FUNTRADER-Vera InvestingScope
@InvestingScope, GREAT CHART, thank you .
FUNTRADER-Vera InvestingScope
@InvestingScope, But we are still holding our long trade enter at 1.161. Short trade is still Off the field
This is my idea!
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