I think everyone will be shorting EUR/USD on R1 pivot point today, which converges with a significant resistance level according to price action. Not to mention that 1.2575 has been the R1 pivot two days ago!
I will be using a pretty tight stop loss (5 to 10 pips) and will be looking to scale out, should the prediction be confirmed, at:
1.2540: Out 60%.
1.2375: Out 20%
Trailing stop for the remaining 20% of the position.
Question is, will Euro pull back to R1? goo.gl/kcYgQQ
I will be using a pretty tight stop loss (5 to 10 pips) and will be looking to scale out, should the prediction be confirmed, at:
1.2540: Out 60%.
1.2375: Out 20%
Trailing stop for the remaining 20% of the position.
Question is, will Euro pull back to R1? goo.gl/kcYgQQ