EURUSD Range Continues?

FX:EURUSD   Euro / U.S. Dollar
The price action appears to have found a range, and I'm hoping to capitalize on it by going short.

Not much to say here except that I am expecting the support / resistance zones currently in play to hold. Also, notice the stochastic oscillator is overbought. Most of the time this has been an accurate predictor of a downside move.

I'm trading this with a market order since the range isn't that big, I'm not that highly leveraged, and EURUSD can whipsaw around quite a bit (especially at the London open), making a limit order less effective.

The main risk here is that the price will go higher before falling lower, stopping me out. In such an event, I might consider setting up a sell limit order to try and catch the price next time it falls (assuming that's possible). Also, if the price does go higher, it might create a little more "clearance room" so I can place a sell limit with enough room to be safe from errant price action, but still be able to make some profit from the range.
Trade closed: stop reached: Got stopped out.

Re-entered with a new limit order to catch any downside after the recent rise, but still give the price a chance to go higher. See this image:
Comment: New order was not triggered. Stepping back to see where the dust settles.

Back to the charts.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out