Hello traders and analysts, after multiple time frame analysis on EUR/USD, as we can see, it's an excellent time to go short.
The price is on top of a downtrend channel, so it's a fair selling price. It's in the direction of the trend, so we have a stop loss, but if you want to have less capital exposure and better Risk to Reward Ratio, I recommend using a trigger that, in this circumstance, is breaking the neckline.
It's just an idea so that it could go wrong. Don't forget we trade the market we don't forecast.
Follow for more analysis and share Your idea in the comment.
The price is on top of a downtrend channel, so it's a fair selling price. It's in the direction of the trend, so we have a stop loss, but if you want to have less capital exposure and better Risk to Reward Ratio, I recommend using a trigger that, in this circumstance, is breaking the neckline.
It's just an idea so that it could go wrong. Don't forget we trade the market we don't forecast.
Follow for more analysis and share Your idea in the comment.