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fxswing

EURUSD - Short opportunity at weekly resistance

Short
Euro / U.S. Dollar (FX:EURUSD)  
fxswing  
FX:EURUSD   Euro / U.S. Dollar
USD (US Dollar) short
9
6
usd-us-dollar short
EURUSD Short trade

Reasons for the trade:

- Trend is obviously down
- Pushing into weekly pivot 1.2883
- Pushing into 100sma 1H channel high
- Pushing outside of a well defined descending channel
- At 38.2% retracement of the last swing from 1.2994-1.2815 at 1.28835

Entry: 1.2883
Target1: 1.2820
Target 2 1.2760
Stop: 1.2930+
Trading success is not going to be entering winning trades, but how you exit your losing trades.
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