EUR/USD - Back in lower range
EU has found itself stuck in consolidation between fibonacci levels; now above 1.1305 but below 1.1385, the 23.6% and the 38.2% retracements.
Price pierced out of range but lacked follow through, and with RSI holding a bearish stance I personally favor another leg to the downside in the near term.
Short position opened at 1.13550 ( set stop loss appropriate to your own %risk )
The more major support levels I'm looking at as targets for my swing account would be 1.13050, 1.1260, 1.1220
Aside of my swing account I also take scalps/ day trades utilizing binary options..so my chart may look a bit messy but on the smaller 5min - 1hr timeframes I take trades of off each marked level.
*If price makes a clear break above entry level at 1.13550 I will take a hedged position with an options trade and cut swing trade at proper SL.
Happy Trading
-Krecioch
Price pierced out of range but lacked follow through, and with RSI holding a bearish stance I personally favor another leg to the downside in the near term.
Short position opened at 1.13550 ( set stop loss appropriate to your own %risk )
The more major support levels I'm looking at as targets for my swing account would be 1.13050, 1.1260, 1.1220
Aside of my swing account I also take scalps/ day trades utilizing binary options..so my chart may look a bit messy but on the smaller 5min - 1hr timeframes I take trades of off each marked level.
*If price makes a clear break above entry level at 1.13550 I will take a hedged position with an options trade and cut swing trade at proper SL.
Happy Trading
-Krecioch
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.