EUR/USD appears to be resuming its downtrend after a small pullback on the daily chart. We saw a nice bearish bar on Friday following a pin bar on Thursday with a nice long wick. I'm going to short this pair with hopes that it will go lower. We'll see what happens this week.
- Short Entry: 1.2850
- Stoploss: 1.30964
Update: My EUR/USD short orders were filled last night. I enter each trade with two orders, because I use two methods to exit each trade. See my
post from this past weekend for more information on my exit strategy. The pair saw a nice down day today, so I've moved my stop loss on both halves of my trade to breakeven.
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