Giving a little heads up on what should be a very nice short on the eur/usd.
If it can go lower than 1.5283 then it should be set for a very nice ride down. This will be a longer trade than I'm normally in, well I guess depending on how long it takes to get there. If it does break it you have two choices.
1. get in on break and role with (I'll be doing this one, my entry will be 1.5280
2. Wait for it to break and then retrace back up to 1.5583 area. This will give you more profits and less risk but it may never go back up there before it makes it's fall.
I'll be riding this down to 1.5023 for the first half my trade. After it reaches that point I'll close 2/3of it and keep the last 1/3 rd open until it reaches 1.4863.
The first two lots will make me a little over 5k and the other lot will make me about 4k.
If it can go lower than 1.5283 then it should be set for a very nice ride down. This will be a longer trade than I'm normally in, well I guess depending on how long it takes to get there. If it does break it you have two choices.
1. get in on break and role with (I'll be doing this one, my entry will be 1.5280
2. Wait for it to break and then retrace back up to 1.5583 area. This will give you more profits and less risk but it may never go back up there before it makes it's fall.
I'll be riding this down to 1.5023 for the first half my trade. After it reaches that point I'll close 2/3of it and keep the last 1/3 rd open until it reaches 1.4863.
The first two lots will make me a little over 5k and the other lot will make me about 4k.
