There's two options to short EURUSD
The first one is an aggressive way and it's by using stops above 1,0601.
This way, you'll have a good risk to reward ratio in case you're looking for a new low.
It's considered aggressive because you can get stopped out but then price could easily turn around and continue lower.
In this case, you'll need to look for second entry.
The second one is by using a bigger stop above 1,0773. If price reaches this stop, then we would expect a bigger move to the upside.
Depending on your style of trading and risk tolerance, you can decide which one to use.
In both scenarios, we want to see a candlestick confirmation before we open a trade!
The first one is an aggressive way and it's by using stops above 1,0601.
This way, you'll have a good risk to reward ratio in case you're looking for a new low.
It's considered aggressive because you can get stopped out but then price could easily turn around and continue lower.
In this case, you'll need to look for second entry.
The second one is by using a bigger stop above 1,0773. If price reaches this stop, then we would expect a bigger move to the upside.
Depending on your style of trading and risk tolerance, you can decide which one to use.
In both scenarios, we want to see a candlestick confirmation before we open a trade!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
