Hello Sophisticated Traders,
The market volatility and the uncertainty before the US Elections and the COVID are causing rapid movements in the price action. Still, in trading we should limit our risk and increase our rewards, this is why I'm looking to short the EUR/USD against 1.1800. The pair has been holding below the 50 days MA even after a bounce, and only a break above should be considered as a buy for the pair. SHorting the pair for support to the 100MA. However, a sustained break above the 50MA could potentially see the top of the channel above 1.20.
If you like the analysis, comment, subscribe, and share.
Happy Trading!
Dr. Lydia Smith
The market volatility and the uncertainty before the US Elections and the COVID are causing rapid movements in the price action. Still, in trading we should limit our risk and increase our rewards, this is why I'm looking to short the EUR/USD against 1.1800. The pair has been holding below the 50 days MA even after a bounce, and only a break above should be considered as a buy for the pair. SHorting the pair for support to the 100MA. However, a sustained break above the 50MA could potentially see the top of the channel above 1.20.
If you like the analysis, comment, subscribe, and share.
Happy Trading!
Dr. Lydia Smith
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Telegram: https//t.me/sophisticatedtraderchat
Website: sophisticatedtrader.com/
Facebook: www.facebook.com/Sophistictrader
Instagram: www.instagram.com/sophistictrader/