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EUR/USD Short Trade 21Dec2017

I took a short trade on EURUSD at 1.1868 levels with a SL at 1.1895 and TP at 1.1820. After going above 1.1900 for a brief period, the prices were in a range for a long time and then fell down closer to 1.1850 today and a subsequent rise back towards 1.1880. I feel it will not break this resistance and the only way is down. If the down trend breaches 1.1848, it could travel a lot down wards. I feel it is better to take profit at 1.1820 and initiate a new trade if trends confirm to take another t…
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My assessment about the market directions were right. It broke 1.1848 with a sudden move and went all the way to 1.1816. This trade happened today (22 Dec 2017) morning. It was too early for me to wake up. When I opened the terminal, to my surprise the target price has been hit. And the price returned to 1.1848 and has been around that level for quite sometime. Once a clear trend emerges, I will take another trade in the direction of the trade.

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