Hello Journal. Its the last week of November. I am up, guns blazing and looking to make some pips. We are still bearish on the Euro. Im still holding my short position. In fact I have added to the short and Im looking to add yet again in the next few minutes. I will be adding a 3 standard lot to the trades because Im totally bearish here. Im looking at 1.3 now. In fact, I have just done that. SO we are full pledged short now. Update to follow
Update:
Short entry@ 1.31971
SL @1.3305 (107.9)
TP @ 1.3 (197.1)
Why have I gone short?
Price went back above BB MA then has closed not only below the BB MA, but also the bands. This is also supported by all the other indicators. In your case, the stoch has gone down below 50.
Exite strategy
1. SL
2. TP
3. Reversal signal.
Update:
Short entry@ 1.31971
SL @1.3305 (107.9)
TP @ 1.3 (197.1)
Why have I gone short?
Price went back above BB MA then has closed not only below the BB MA, but also the bands. This is also supported by all the other indicators. In your case, the stoch has gone down below 50.
Exite strategy
1. SL
2. TP
3. Reversal signal.