EUR/USD Short Opportunity
Updated
(Aggressive Trade)
Double top Sell opportunity for the week ahead is highly possible.
Past Week (26/02/18) : As we saw in the past week the EUR/USD pair had a volatile week due to the choppy price action, hence why i jumped out my trades in small profits and just observed the moves. Coming up towards the end of the week we saw a strong bullish move as price bounced from the crucial support around 1.22400.
Upcoming Week (05/03/18) : This upcoming week is likely to be interesting as the bulls and the bears fight for the control & also with a bunch of data including the NFP (Non-Farm Payrolls) due to release on Friday 9th. Overall i'm expect a bullish Dollar as we have seen strong data over the past couple of weeks and the bulls would be expected to continue so that they can try and seize control over the increased possibility of a hike rate this month and further accelerated rate hikes in the upcoming months. The other risk event includes the Italian elections and in Germany which could have high impacts on the EURO if they dont go as planned...
Entry target - 1.23200 or closer to my SL
Stop Loss - 1.23930
Take Profit1 - 1.21170
Take Profit2 - 1.19555
Risk % - 3-4% of your account balance.
This is an Aggressive trade - meaning that we will try to maximise returns by taking a relatively higher degree of risk.
I cannot emphasize how important it is to Risk Manage Your Trades At ALL Times.
Wish you all a great trading week, play it safe and don't over trade loooool,
Kourosh
Double top Sell opportunity for the week ahead is highly possible.
Past Week (26/02/18) : As we saw in the past week the EUR/USD pair had a volatile week due to the choppy price action, hence why i jumped out my trades in small profits and just observed the moves. Coming up towards the end of the week we saw a strong bullish move as price bounced from the crucial support around 1.22400.
Upcoming Week (05/03/18) : This upcoming week is likely to be interesting as the bulls and the bears fight for the control & also with a bunch of data including the NFP (Non-Farm Payrolls) due to release on Friday 9th. Overall i'm expect a bullish Dollar as we have seen strong data over the past couple of weeks and the bulls would be expected to continue so that they can try and seize control over the increased possibility of a hike rate this month and further accelerated rate hikes in the upcoming months. The other risk event includes the Italian elections and in Germany which could have high impacts on the EURO if they dont go as planned...
Entry target - 1.23200 or closer to my SL
Stop Loss - 1.23930
Take Profit1 - 1.21170
Take Profit2 - 1.19555
Risk % - 3-4% of your account balance.
This is an Aggressive trade - meaning that we will try to maximise returns by taking a relatively higher degree of risk.
I cannot emphasize how important it is to Risk Manage Your Trades At ALL Times.
Wish you all a great trading week, play it safe and don't over trade loooool,
Kourosh
Note
Move Stop loss to 1.24160 guys!!
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