I've just shared my views on energy commodities.
And in conveying my opinion on crude oil, I said that trade agreements are important. (About trade wars between USA and China. )
And this criterion affects this parity very much.Because Euro Zone economy is one of the major economy on whole World.
Any possibility of reducing trade stagnation affects this pair positively.
I think we should wait a little longer in the weekly time frame, but here I shared this idea to keep in touch on main game.
We don't have enough historical data to make up the rest, so we don't know the width of the channel, but it's a beautiful apparent element that we're based on.
Together with these expectations, the parameters of this idea are as follows:
RISK/REWARD RATIO : 1/3
POSITION SIZE : %1
STOPLOSS : 1.10317
GOAL : 1.11102