EURUSD short based on price action
Hi folks,
New trader here (less than 6 months) trying to build some reputation so I can join these public chats to share ideas.
I thank all of you for your 'on the fly' ideas and helping to educate me.
Onto my thought..
There is not a ton of resistance on the daily between the consolidation happening now and the next price move.
The descending trend indicated on my chart shows the pullback to be a new higher low near the top of the trend.
seems to indicate she is going down towards the next 'lower low' trend @ 1.7500????
I shorted at 1.18098 looking for a profit at 1.17800 and a stop at 1.18250
Thanks for your time and please help me build a reputation :)
New trader here (less than 6 months) trying to build some reputation so I can join these public chats to share ideas.
I thank all of you for your 'on the fly' ideas and helping to educate me.
Onto my thought..
There is not a ton of resistance on the daily between the consolidation happening now and the next price move.
The descending trend indicated on my chart shows the pullback to be a new higher low near the top of the trend.
seems to indicate she is going down towards the next 'lower low' trend @ 1.7500????
I shorted at 1.18098 looking for a profit at 1.17800 and a stop at 1.18250
Thanks for your time and please help me build a reputation :)
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