EURUSD: Resistance Holds, Correction Ends (#3 Trade)
Price broke below the corrective structure it was moving into, after founding very good resistance at the sliding parallel of the descending channel. Going short in case of a pullback and restest at the sliding parallel is what I tend to do.
Setup: Sell
Entry level: 1.16305
Stop-loss: 1.16908
Profit target: 1.15026
Risk/Reward: 2.15:1
Total account (units): 99
Risk 1 unit
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Setup: Sell
Entry level: 1.16305
Stop-loss: 1.16908
Profit target: 1.15026
Risk/Reward: 2.15:1
Total account (units): 99
Risk 1 unit
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
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