EUR/USD Entry Sell

Last week we took a small loss on EUR/USD based on the oversell signal on using Fibonacci Analysis. As we have talked about in the webinars, I am long term bearish on EUR/USD until that weekly price gap is filled; With that being said we will look for re entry based off of this double top at an over-extended resistance. For this sell we MUST see valid rejection at the resistance, we need a clear indication that the bulls have lost control. Once our trade is executed, pay attention actively for where price goes, there is a good chance price will bounce off of our TP1 and begin consolidating, if this happens...react as I have taught you to react... close; take your profit; and look for re entry. Depending on the strength of the bears and the volatility in the news we should know by the end of the week where to project our exit. Remember...Proper Risk and Money Management is key.


Your Mentor,
IG-> @BullMarketBenny
Benjamin Berlin



P.S Make sure to attend every webinar this week and watch every outlook, I will be updating this trade according to price movement and news events. We may also take live trades on the webinars so make sure you are on time!