Short scenario
These are my parameters to go short in EURUSD if the price breaks to below 1.3620 first without making move to 1.3720
But still watching closely. How this will develop. I've been trying to be very careful shorting the EUR since it's been failed making follow through to the downside even though there was 5 waves impulsive decline for a year, yet it rallied in 3 waves very strongly. I'm expecting nasty decline on the EUR if this plays out. But then again, be very nimble and careful really helps compounding gains we got. Nothing is sure in market, these technical tools are just helping to find edge to limit risk with good reward ratio.
But still watching closely. How this will develop. I've been trying to be very careful shorting the EUR since it's been failed making follow through to the downside even though there was 5 waves impulsive decline for a year, yet it rallied in 3 waves very strongly. I'm expecting nasty decline on the EUR if this plays out. But then again, be very nimble and careful really helps compounding gains we got. Nothing is sure in market, these technical tools are just helping to find edge to limit risk with good reward ratio.
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