EUR/USD What do you think of this short?

8 авг. 2023 г.

I have taken a short position on EUR/USD after a double confirmation on a 15-minute candle chart (M15) at a Fibonacci level (FVG). My intention is to either close the trade entirely or partially around 23:00 Italian time. This is because significant data for the Japanese yen and the New Zealand dollar are expected during the night, in the Asian session. In practical terms, if the trade were to be in loss by 23:00, I will close it entirely. If it were to be profitable by more than 0.5%, I will close half of the position and leave the other half open with a stop order in place. I would like to hear your opinion on this strategy. Wishing everyone successful trading, Nicola, CEO of Forex48 Trading Academy.