Week 27: Euro Temporary Rebound Forex Trading

Managed to close my trade for week 26 with a 48% gain in my capital. I think the Euro is on a slight rebound, probably profit taking. But the main reason I closed the trade is because of this chart:


I wanted to have enough funds to place a sizeable position on this pair. I do think its cooking to go up, with a lot of dojis and a respectable support (green line) with the red lines as resistance.


I’m still bearish on the EUR/USD though and a sizable upswing can be advantages for me to get more positions on the short side. The target is 1.2800.