We wanted to see price reaching our zone on EURUSD but it looks like right now there's not enough buying pressure.
This is the reason why we don't take trades towards the zone and against the trend but just wait for the right moment instead.
It looks like this moment is now. Not the way we wanted it, but we trade what we see and we're now looking to sell from current price levels.
Stops will be above 1,0615 and we should use less risk on this trade because this SL level is still aggressive.
A SL above 1,0780 is much better but then we don't have a decent risk to reward ratio.
Targets are still below the previous low, we are expecting a breakout!
This is the reason why we don't take trades towards the zone and against the trend but just wait for the right moment instead.
It looks like this moment is now. Not the way we wanted it, but we trade what we see and we're now looking to sell from current price levels.
Stops will be above 1,0615 and we should use less risk on this trade because this SL level is still aggressive.
A SL above 1,0780 is much better but then we don't have a decent risk to reward ratio.
Targets are still below the previous low, we are expecting a breakout!
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❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.