EurUsd decline is stopped at the trendline . Price is trying to print a pullback but it's just a trendline crawling...
Sooner or later it will break down.
Maybe tomorrow at the FED minutes?
"Fed's Lockhart and Williams both say June is 'live' meeting for possible rate hike"
An this is just the begining... Brexit's 23th June coming closer and closer.
EurUsd has around 4 more weeks to fall...
Rate hike in June.
Falling like the stone....
Taking profit on my EurUsd short positions.
I will post a detailed story about EurUsd , but I don't know how it could be easier to follow.
I don't like take profit too much. One thing to predict an entry point well. Not easy. But set a perfect TP it's almost impossible.
But my mentor taught me to plan the highly probable SL & PT levels before market entry, so that you can decide if the R/R is worth your entry. To determine level require skills but not impossible....many traders define TP1 & TP2, once TP1 reach move SL to B/E...etc. Without SL & PT, it's hard for newbie like me to follow.