I'm shorting EU
Reasons
1. I see a lot of rejection in trying to break the 1.11 handle aka wicks
2. Price is below 25 MA
3. Price is still coming down from a mayor descending trend line that hasn't been broken
I see price coming down to the 1.10 handle, but I will be satisfy with 1.10500
Risk : Reward
1:2.6
Risk 3% overall capital
Reward 7.8% ROI
Happy trading day !
Reasons
1. I see a lot of rejection in trying to break the 1.11 handle aka wicks
2. Price is below 25 MA
3. Price is still coming down from a mayor descending trend line that hasn't been broken
I see price coming down to the 1.10 handle, but I will be satisfy with 1.10500
Risk : Reward
1:2.6
Risk 3% overall capital
Reward 7.8% ROI
Happy trading day !
Comment:
SL place below entry point at break even
Comment:
Position broke even on to the next trade !