Trading Update-EURUSD

Hi,

I just wanted to update you on my last trade I took on EURUSD. I was shorting it, but it seems that market participants are not so reactive. The daily candle close on Friday was a bearish rejection or a pin bar. This shows that market sellers are not ready yet and we might see a new surge of buyers. I have decided to get out of my short position. I am going against my set rules here, but sometimes you need to be more flexible to protect your capital.

In the meantime, you can check out one of my famous trading articles on Support an Resistance to refresh your memory HERE.

Happy Sunday,

Colibri Trader

 

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