- Enter Short at 1.42
I entered a short trade at about 1.426 today. I am expecting further losses for the Euro. However, I have a tight stop incase the market decides to rally today.
If todays daily pivot is broken (the gray line) I expect further losses down to at least midway to the next support.
I have my limit placed pretty conservatively at about 1.42 and my limit at 1.43.
As always, I will let you know how the trade goes in the comments.
Happy Trading!
Stopped out with a 63 pip gain! Woo hoo!