AlexxChan
Short

EURUSD Scalp Reversal

FX:EURUSD   Euro Fx/U.S. Dollar
A scalping opportunity to get into right away. EURUSD             hitting a major resistance level and fib level. Trade safely
Trade closed: stop reached
I took many losses today from RBA rate cut...aussie supposed to be weak, but it became very strong.....and i made the same mistake...tried to make some pips hoping that market will retrace...while it was very bulish!!
as my experience, it is very unwise to short in a bulish market...better to wait for confirmation of bearish setup!
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looks like you took a loss!
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AlexxChan shomonrobie
Yes I did
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This is very risky without any kind of confirmation for shorting!
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AlexxChan shomonrobie
Agreed, fading is a very risky play
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Awesome mark up mate! Why do you believe your target reversal will be so small?
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AlexxChan MrBounader
I personally believe EURUSD will break the resistance in the future and go higher. For scalp reversal plays, I like to play it safe by taking profits at the next support level to the resistance, thus 1.11348. Thanks for commenting!
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you mean sell?
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Yes!
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ab000t AlexxChan
i already have few shorts open - i am hoping it would come down but there are soo many opposite reviews - i am so confused
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