Euro / DollaroShort
EUR/USD - Short Position
Feeling a downward trend is coming for the currency pair for the next 24-48 hours:
- Recently overbought, but made a reversal recently below the 70 mark (typically price action I use to determine a switch in the trend).
- Good set of resistance (as indicated by the red).
- VFI has just about started to drop, hoping to see a slightly stronger bear takeover.
I'll be closing the position when/if:
The RSI drops to 30 or below
The VFI drops below the median
Happy trading!
- Recently overbought, but made a reversal recently below the 70 mark (typically price action I use to determine a switch in the trend).
- Good set of resistance (as indicated by the red).
- VFI has just about started to drop, hoping to see a slightly stronger bear takeover.
I'll be closing the position when/if:
The RSI drops to 30 or below
The VFI drops below the median
Happy trading!
Nota
VFI isn't looking exactly how I planned at this point in time, will definitely realising full gains when RSI hits 30!Nota
Closed the position at 17:00 BST yesterday. Nice!
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