matt_forex
Short

10_16_14 Short move up

FX:EURUSD   Euro Fx/U.S. Dollar
With price pushing up against this resistance area @ 1.28, which has multiple points of resistance (psychological, .50 fib retracement from early Sept, and horizontal resistance.) There is an opportunity to enter short, with a good RR ratio (2:1). With the overall trend being down, this trade would be in the direction of that trend. Use caution once price approaches the 200 ema, and the upward trendline. Timeline for the trade is short term, although if price breaks through the 200 EMA and the upward trendline, continue to hold.
MkmKhalid
2 years ago
hello Mr.Matt
Reply
matt_forex
2 years ago
I have exited this trade for a nice profit
Reply
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