eur usd short side trade
The EUR/USD is in a uptrend and has recently experienced a breakdown at a significant support level.
If there's a retest, we can consider a short position. Our stop loss would be set at 7 to 10 pips, and the take profit target would range between 25 to 30 pips. This trade involves a trend reversal, making it slightly riskier as it goes against the prevailing trend.
However, if it aligns with a robust bearish candle in our favor, we can consider trailing our profits, aiming for at least 50 pips."
If there's a retest, we can consider a short position. Our stop loss would be set at 7 to 10 pips, and the take profit target would range between 25 to 30 pips. This trade involves a trend reversal, making it slightly riskier as it goes against the prevailing trend.
However, if it aligns with a robust bearish candle in our favor, we can consider trailing our profits, aiming for at least 50 pips."
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