KevinSinghDhaliwal
Short

EURUSD Opportunity to short (Explanation in description+Chart)

FX:EURUSD   Euro / U.S. Dollar
Hi everyone posted a pattern on eurusd             few days ago which did not work and euro             rallied up also broke the resistance that i was looking at. But we have another pattern on this pair PLUS the price might bounce off the trendline . In my opinion the price should come down to the first target fairly easily and test the support which was the previous structure, depending on what happens there; the price could go back to being bullish OR go to the second target.


Lets see how this plays out :)

Good Luck
Ya, this one trapped many traders into selling, I was able to stay away from this by looking at how the price action reacted at the completion point. It had no trouble going right past it !!
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Ahah yea had a order which did get stopped
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moneymaking KevinSinghDhaliwal
Always make sure to look at how price action behaves at your specific level of interest. Have to see market struggle before pulling the trigger.
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Completely agree, unfortunately had a pending order
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moneymaking KevinSinghDhaliwal
No worries, if you were able to learn something from this trade, than I believe it was worth losing. The knowledge that you gained from this particular situation is way more valuable than the amount of money lost on this single trade :)
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IvanLabrie PRO moneymaking
Pending orders might backfire like this. I know I've had losses on unexpected market condition changes since I opened the order to when it got executed.
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Lesson learned!
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good
+1 Reply
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