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jrashaadtrades
Mar 9, 2018 3:41 PM

Taking Some Profits on EURSUD SHORT. 做空

Euro / U.S. DollarFOREX.com

描述

As per my discussion
and
the EURUSD is still ranging with price oscillating around the 1.245-1.235 mark. Although I'm not a huge fan of candlestick patterns, previous three days put in a Bearish Evening Star after hitting up against trendline resistance, area of supply, and the 61.8% retracement level. I've been short since 02.16.18 with several lots and decided to take +150 pip profit on one of them at the end of the New York session yesterday. Currently sitting on +130 pips between 3 lots. As I'm typing this the EUR is rallying intraday as the USD declines after a muted NFP announcement. As I wrote
, the USD rally can't be considered on and the prevailing trend is still down. As I see it, only a decisive break and close above 91.00 signals a Bullish dollar.

Trade accordingly.
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