21st of July
22nd of July
EURUSD is moving as expected and is now heading down to 1,1700.
If you have short positions I would suggest that now you move your stops and reduce the risk.
But you can also look for new entries! Here's your options:
The current resistance after yesterdays fall is at the 1,1780-90 zone. In case price reaches those levels and it rejects them, you could make an entry with SL above 1,1830.
The other option is to wait for a breakout of the 1,1760 level and then to look for rejection again on the retest. In this case you can also use a more aggressive SL which could be above the rejection candle.
In both scenarios our targets will be 1,1700.
Follow us to see how this trade goes.
EURUSD is moving as expected and is now heading down to 1,1700.
If you have short positions I would suggest that now you move your stops and reduce the risk.
But you can also look for new entries! Here's your options:
The current resistance after yesterdays fall is at the 1,1780-90 zone. In case price reaches those levels and it rejects them, you could make an entry with SL above 1,1830.
The other option is to wait for a breakout of the 1,1760 level and then to look for rejection again on the retest. In this case you can also use a more aggressive SL which could be above the rejection candle.
In both scenarios our targets will be 1,1700.
Follow us to see how this trade goes.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
