EURUSD Short the Hammer Top, RSI overbought!!!
Hammer Top at Strong dotted resistance. 1hr and 4hr RSI extremely overbought, 1 day chart shows a Bearish RSI divergence.
The dollar haemorrhaged hard today, bleeding should be over (I believe the rapid drop in the dollar screwed many people over including me)
Loose Stop at 1.327
Tight Stop at 1.305
TP: 1.127 or 1.1242
TP2 : 1.112
Long shot PT: Gap at 1.08
Good luck with this trade
A good strategy would be to always lower your stops when you have paper profits
The dollar haemorrhaged hard today, bleeding should be over (I believe the rapid drop in the dollar screwed many people over including me)
Loose Stop at 1.327
Tight Stop at 1.305
TP: 1.127 or 1.1242
TP2 : 1.112
Long shot PT: Gap at 1.08
Good luck with this trade
A good strategy would be to always lower your stops when you have paper profits
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