Having correctly called the long position (See Related Idea) I have now changed to a short position.
Might take longer than the bullish move.
Be willing to sit with this trade for some time.
Be smart - Keep your position sizes low.
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EURTRY has been clearing up-trending for over a decade. The upside momentum has been significantly stronger in recent years, as seen by the more aggressive trend support lines. How long will the upside continue? Is price finally reaching a high?
The main reason for me wanting to open a long-term short on EURTRY is the positive swap rate. I personally believe that...
For me its better buystop, but on this entry open buy limi, because its tooo high for buy stop.
This trade not happen over night, we are going to wait 2 weeks :D
STOPLOSE: 20 PIPS
TAKEPROFIT: 600+ PIPS