POSSIBLE SHORTING AREAS FOR EURUSD @1.1258 AND 1.1335
EURUSD is in a downtrend. Still high in the curve of the new downtrend, it is possible to re-enter the trend in good zones.
Two possible entry zones are @ 1.1258 and 1.1335. There is a clear exit price at 1.1130 but prices could sail lower to 1.1000 as there is no obvious demand above 1.1000.
Drop @ 1.1258
EP: ~1.12580
SL: ~1.12830
TP: ~1.11300 (maybe 1.10000)
R/R: at least 5:1
Drop @ 1.1335
EP: ~1.13350
SL: ~1.13500
TP: ~1.11300 (maybe 1.10000)
R/R: at least 10:1
Two possible entry zones are @ 1.1258 and 1.1335. There is a clear exit price at 1.1130 but prices could sail lower to 1.1000 as there is no obvious demand above 1.1000.
Drop @ 1.1258
EP: ~1.12580
SL: ~1.12830
TP: ~1.11300 (maybe 1.10000)
R/R: at least 5:1
Drop @ 1.1335
EP: ~1.13350
SL: ~1.13500
TP: ~1.11300 (maybe 1.10000)
R/R: at least 10:1
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