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Shorting EURO after Bearish Move Below 50 Day MA
Looking at the chart for Euro Futures, the Euro today dipped below their 50 Day MA. I'm hesitant to enter a short position right now, I would like to wait and see a confirmation of my thesis with trading starting negative tomorrow, as this could be a fake-out break-out.
However, if it confirms bearish trend tomorrow, will short in the morning, with initial price profit target at 1.0625. Stop loss will be at 1.071.
All the best,
RC
However, if it confirms bearish trend tomorrow, will short in the morning, with initial price profit target at 1.0625. Stop loss will be at 1.071.
All the best,
RC
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