Quick Trend Analysis.
Reasons for Short:
Used some resistance lines from previous bars.
Also used some old Fib retracements that held well previously.
Overall EURUSD looking rather BEARISH.
BREXIT news is indirectly, if not directly, affecting the EUR market.
*Short EURUSD*
Feel free to adjust the Risk:Reward ratio to taste, this 1:1.5 setup allows me more confidence in the call.
Use my analysis as a comparison to your own analysis.
Trading should not be a blind following, but instead a skill set that grows from comparing notes and testing strategies.
Reasons for Short:
Used some resistance lines from previous bars.
Also used some old Fib retracements that held well previously.
Overall EURUSD looking rather BEARISH.
BREXIT news is indirectly, if not directly, affecting the EUR market.
*Short EURUSD*
Feel free to adjust the Risk:Reward ratio to taste, this 1:1.5 setup allows me more confidence in the call.
Use my analysis as a comparison to your own analysis.
Trading should not be a blind following, but instead a skill set that grows from comparing notes and testing strategies.
Trade active:
Still having a strong feeling on the downward ride of this pair. Just more time is needed.