Re-assessing/Re-adjusting: EURUSD Simple Short-Term Short Setup
Udate: stopped out
Profit/loss(pips)=-47
The price failed to trigger my entry for a short position at 1.3710 as pullbacks were halted below 1.3700, before price headed lower to touch levels just above my first target. hitting my targeted area without entry invalidates my setup.
However, renewed strong selling pressure is clear on broken support turned resistance , as price forms a major hourly and 2H pin bars, and therefore i remain short the pair. I re-adjusted my first target and stop loss level.
Profit/loss(pips)=-47
The price failed to trigger my entry for a short position at 1.3710 as pullbacks were halted below 1.3700, before price headed lower to touch levels just above my first target. hitting my targeted area without entry invalidates my setup.
However, renewed strong selling pressure is clear on broken support turned resistance , as price forms a major hourly and 2H pin bars, and therefore i remain short the pair. I re-adjusted my first target and stop loss level.
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