Update EUR.USD Week 5/52 :
Well this trade is still open, for now. We were at one point about two or three pips away from the SL being triggered - at the time of typing this we have recovered half of the loss but are also approaching a new intraday support (which is not ideal when in a short position).
Some trades turn into a shambles and become erratic, this is one of those that we just have to accept.
Here’s an update with visual levels marked out on the 4H TF for clarity - “chop chop chop in the market”
You’ll also see the pending order sat in the order details section for GBP.USD as we noted on the “Sunday Calls” for week 5/52.
Currently about 80% of retail traders are also short EUR.USD, with a mere 20% long. I’ve lined myself up for the slaughter good and proper this time
I’d be very VERY surprised to see EUR.USD make a move to the down side