EURUSD Sell Idea
Entry; 1.06900
SL; 1.07100 (20PIPS)
TP; 1.05568(About 135Pips)
My trade Idea is very simple. Looking at the Dxy, my bias tells me its bullish.. price has been buying on the DXY, now price went for a little retracement on the DXY.. this enable me looked for a retracement on the EURUS too and i looked for a Sell / Short entry.
The reason why i set my Tp at about 135 is because i expect price to buy up to a particular resistance zone on the dxy.. if price buys up to that zone, EURUSD would keep falling and i'd hit my TP.
Kindly use proper risk management if you find this setup okay by you.
#SmokingPips
Entry; 1.06900
SL; 1.07100 (20PIPS)
TP; 1.05568(About 135Pips)
My trade Idea is very simple. Looking at the Dxy, my bias tells me its bullish.. price has been buying on the DXY, now price went for a little retracement on the DXY.. this enable me looked for a retracement on the EURUS too and i looked for a Sell / Short entry.
The reason why i set my Tp at about 135 is because i expect price to buy up to a particular resistance zone on the dxy.. if price buys up to that zone, EURUSD would keep falling and i'd hit my TP.
Kindly use proper risk management if you find this setup okay by you.
#SmokingPips