Technician
Short

EURUSD: Pulling The Short Trigger!

FX:EURUSD   Euro Fx/U.S. Dollar
1253 14 15
Update: Failed short above my second target, closed second half at break even.
Profit(pips)= +135

Update: Decided to close first half at 1.3763, second half running for full target, stop remains at breakeven
Update: Reached more than 90 percent of first target, accordingly, I moved stop to breakeven.

Speculating on a bearish wave, as European officials rhetoric has elevated recently regarding a higher exchange rate and the possibility of more easing measures(could be U.S. style QE             ).

Technically, the price is testing a major long term descending resistance(started from 2008 top), meantime price draws a bearish shooting star candle on the day chart at an ascending resistance level.

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to breakeven
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;),
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Barabaszek
2 years ago
Waiting for entry.Good luck.
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Barabaszek Barabaszek
2 years ago
Technician's Trade 99 starts.
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Technician TOP Barabaszek
2 years ago
Yes :) GL
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Update: Reached more than 90 percent of first target, accordingly, I moved stop to breakeven.
Reply
Barabaszek Technician
2 years ago
Done.
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Decided to close first half at 1.3763, second half running for full target, stop remains at breakeven
Reply
Barabaszek
2 years ago
TP-1 hited.
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Technician TOP Barabaszek
2 years ago
Yeah, lets relax now and leave the second half for the more aggressive target
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Breaking to new lows below 1.3750, are we heading to second target?!
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FaultyKid Technician
2 years ago
Damn, and I was in this trade last week and decided to exit. Guess 'patience' is key!
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Technician TOP FaultyKid
2 years ago
Agree! what is coming will be better... trust me :)
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FaultyKid Technician
2 years ago
What you mean?! :P
Reply
Technician TOP FaultyKid
2 years ago
Never-mind, i am just a bit too confident today ;)
Reply
Update: Failed short above my second target, closed second half at break even.
Profit(pips)= +135
Reply
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