EURUSD stays below daily 5 EMA = selling opportunities
The daily candle closed below the 5 EMA on Tuesday August 8th 2017. I expect price to close below the 5 EMA again. Therefore, I'm selling for the day Wednesday August 9th, 2017.
I am selling between 1.22 and 1.135 for today only. I will be using fib retracement levels as entry points. The fib is derived from Friday's range and the levels extend all the way to 4.236 and -4.236.
Each trade consists of a 20 pip stop and a 60 pip take profit target with 0.5% risk and 1.5% reward.
I am selling between 1.22 and 1.135 for today only. I will be using fib retracement levels as entry points. The fib is derived from Friday's range and the levels extend all the way to 4.236 and -4.236.
Each trade consists of a 20 pip stop and a 60 pip take profit target with 0.5% risk and 1.5% reward.