Good week everyone,
EURUSD has been on this long downtrend channel for a while now, last week candle just formed a bearish pin bar just long enough to kill a lot of bears stop-losses over 14400 level, first bearish confluence.
Bullish confluence = big rsi divergence and therefore watch out for proper money management here.
Simples strategy here, wait for a pullback and rejection on the demarcated zone and short targeting current lows/middle of the channel (around ~12400), and S.L just some pips above current high ~14000 .
Good RxR opportunity IF it presents itself.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
EURUSD has been on this long downtrend channel for a while now, last week candle just formed a bearish pin bar just long enough to kill a lot of bears stop-losses over 14400 level, first bearish confluence.
Bullish confluence = big rsi divergence and therefore watch out for proper money management here.
Simples strategy here, wait for a pullback and rejection on the demarcated zone and short targeting current lows/middle of the channel (around ~12400), and S.L just some pips above current high ~14000 .
Good RxR opportunity IF it presents itself.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
註釋
Looking good, anyway i'd close full position if price reaches 12400~12300 zone註釋
Target zone =) Now its good to watch out for closing positions since i dont expect (yet) much movement further down, its still possible target 12000 but trail your stops then.
Hope you guys enjoyed this ride.
交易結束：目標達成
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