EurUsd looking for a short trade around open.

12 Mar 2017

The Eursd has put in a couple of nice candles in a row on the bearish side, my only issue is that they are news candles, which makes them a little less reliable from my personal experience. Provided we open up with no severe gaps I will initiate this series of 2 trades. I will open short 2 positions to the first rectangle. Provided target is met I will then close one position in profit and move the other stop to protect profit on that trade. Price at this point could bounce to higher levels but I assume it will make its way down to the bottom rectangle and ascending trend line. From this point I will close the 2nd trade and be finished with the set up. If price opens with large gaps the trade will be negated.

16 Mar 2017

Not

Got the first downside target, it just hit the upside target. Im short again