HERE'S AN IDEA ON THE EURUSD PAIR, THE DOLLAR HAS BEEN STRONG DESPITE ALL THE BAD U.S. ECONOMIC UPDATES IN THE PREVIOSE WEEK AND SLAMS FROM SEVERAL FEDERAL RESERVE MEMBERS.
> THIS COULD BE BECAUSE THE USD IS THE SAFE HEAVEN DURING THIS GLOBAL RISK SENTIMENT I DON'T KNOW. > AND THE FED'S RE-ITERATION OF NO PLANS TO TAKE INTEREST RATES TO NEGATIVE MAY HAVE HELPED THE DOLLAR
> EURUSD STILL TRADING IN THE SYMMETRICAL TRIANGLE ON A COUPLE OF TIME-FRAMES , MOST LIKELY SCENARIO IS WE MAY SEE CONTINUATION TO THE UPSIDE TO GO RETEST THE SYMMETRICAL TRIANGLE AND MAYBE SEE A BREAK TO THE UPSIDE.
> OR SECOND SCENARIO WE MAY BREAK TO THE DOWN SIDE , RETEST THE STRUCTURE AND CONTINUE TO THE DOWNSIDE
I'M LOOKING FOR LONG POSITION ON THE PAIR GOING WITH SCENARIO 1 TARGET 1 - 1.08566 TARGET 2 - 1.09282
RISK MANAGEMENT
PERIOD - SWING TRADE
Trade active
TP1 hit adjust SL to break even on the second Trade or trail stop the pair...
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