Technician
Short

Re-assessing/Re-adjusting: EURUSD Simple Short-Term Short Setup

FX:EURUSD   Euro Fx/U.S. Dollar
443 5 3
Udate: stopped out
Profit/loss(pips)=-47

The price failed to trigger my entry for a short position at 1.3710 as pullbacks were halted below 1.3700, before price headed lower to touch levels just above my first target. hitting my targeted area without entry invalidates my setup.
However, renewed strong selling pressure is clear on broken support turned resistance , as price forms a major hourly and 2H pin bars, and therefore i remain short the pair. I re-adjusted my first target and stop loss level.

My trading ideas channel https://telegram.me/technician_forex_trades
https://thefxchannel.com
Skype: Technician - The forex channel
It was 3rd time knocking the door of 1.38. Possibility Higher ~ especially "Thin Volume" I suppose ~
Reply
Yeah, it was a comment by Jens Weidmann, said "keeping interest low may endanger political reforms". However, that wouldn't have such big impact under normal liquid market conditions.
Reply
That is crazy, this is a lesson not to bet on ill-liquid market

snapshot
Reply
alex.a Technician
Weiner(spell) said ECB must raise interest rate ~ Some said that triggered.
Reply
Stopped out, typical holidays behavior, markets pop suddenly on thin volume. wait for an opposite similar move
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out