Speecy EURUSD short into overbought conditions.
The recent bout of USD weakness has sent the Euro parabolic against the greenback.
Today we saw the thirds touch at 1.1910-1.1920 area and it feels like the market may be starting to tire at these heady levels.
I am looking at a short trade here around 1.1840 with a view to covering on a pullback into the 1.1600 area on a mean reversion trade.
Stops above 1.1920, as this will negate my theory.
Happy hunting
www.patreon.com...levationtrading?fan_landin...
Today we saw the thirds touch at 1.1910-1.1920 area and it feels like the market may be starting to tire at these heady levels.
I am looking at a short trade here around 1.1840 with a view to covering on a pullback into the 1.1600 area on a mean reversion trade.
Stops above 1.1920, as this will negate my theory.
Happy hunting
www.patreon.com...levationtrading?fan_landin...
Trade closed manually:
Stepping out of this trade at Break-Even.
Although the market quickly move 120 ticks in favour, it never followed through to my suggested target.
Position closed at 1.1835
Although the market quickly move 120 ticks in favour, it never followed through to my suggested target.
Position closed at 1.1835