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RE: EURUSD - Chart - Trade Plan - Daily Outlook - 3-25-2018

in #forex7 years ago

Finally it moved as I thought, it just broke 2412, highest level at 2417. Next resistance at 2445. It could give some pull back from here or at 2445 but I prefer to buy at the pullback NOT sell the top for the pullback. I might short just right above 2445, targeting no more than 40-50 pips.

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2431 is interesting .... ! My radar is on.

Last week high at 2388, it is above that level this week so next fib ext resistance will be at 2423ish... that is why I might short around 2331 or 246ish is better.

It is very interesting that it moves like what I draw on my chart and how I miss my long entry at 2295 now. I am about to short scalp for no more than 30 pips. If I am in the DD, I might cut loss and stay away for pull back then long. Remember that, my plan is LONG not short so SHORTING at this moment is little bit risky, I am looking for an entry now.

I am in! just shorted!
Remember that I will get out if any spike up that kills the 2445 levels. I just mentioned at previous post that I will short just right above 2445.(Read second post at UPDATE 1)