Taking the short train ride in EUR/USD. Destination : 1.07

Hello traders and the entire Tradingview community! EUR/USD was propelled to the atmosphere yesterday by the weak CPI data from the US. Well, if you know, data is just an excuse, the big banks and institutions tuned their algos perfectly to smack us, retail traders, in the face with the 200 pip bullish move :P

But, we are not going to give up that easily now, are we? The buying algos are done for now and it is time to take a dive. So, I already have a couple of sell positions at 1.0870 and 1.0885.
All, we need is big strong bearish candle to break the 1.0860 zone and we will be in for a bearish ride.

Targets at 1.0710, expecting EUR/USD to reach it by Friday.

Handel aktiv:

Sold@1.0875

Kommentera:

Update : 40 Pips profit as expected

Kommentera:

Looking good my fellow sellers, we have more room to go