The mainly trend is bullish. However, if I follow my elliot wave account I'll expect a correction. The correction started the last week with the strong rejection in the red area and should continue this week. This is the idea under my short position. I've opened two shorts:
-The first one with a lot of 0.02,sl 32 pips and tp 64 pips.
-The second one with a lot of 0.02, sl 32 pips and tp 110 pips.
I don't want to hold this trade because the trend is bullish so I trade the correction. In this environment, I feel the +0,1% today like an opportunity to place the short in a higher lever.
Good luck and good trading.
-The first one with a lot of 0.02,sl 32 pips and tp 64 pips.
-The second one with a lot of 0.02, sl 32 pips and tp 110 pips.
I don't want to hold this trade because the trend is bullish so I trade the correction. In this environment, I feel the +0,1% today like an opportunity to place the short in a higher lever.
Good luck and good trading.