Target 69 with a fairly tight stop due to the fed hike aftermath still settling in to consider
So many setups and so little time,, and all of them at a Friday afternoon
See if you can grab the coming pullback and re-test for a few pips long
Love these zones. Easy to monitor. Easy to trade
Break or fail coming up next for a few pips. On Monday at least
Yesterdays fast trade going long worked like a charm. Next is to see how these levels holds today and trade accordingly.
Still short as we speak but ready to go long shortly. See levels on the chart . 1. long from coming new low to 1.0750. 2. If price manage to break and stay over it then my TP is 1.12
Even tho I like to be a Euro bull from time to time call me stubborn but it is easier to trade choosing a side at least for me. But one might think twice when seeing this monthly chart for the year to come and all trades ahead. the euro has not not been able to close and stay one single month in the key area for it to climb higher. Looks like Draghi is doing...
One better plot the levels to base trades upon next week. The prepared one always wins. See chart for details and info on what I will keep an eye on base my trades upon next week
the immediate risk for further downside move is not removed until price breaks and manage to stay over 1.1020. Expect that level to be tested shortly as well The longer term pullback heading to make a new higher high wont resume again until price breaks and stays over 1.1250-70 Imo only breakout trades from these types of zones on this pair is fun to trade
These are the current levels that I base my EU trades on. somewhat based upon the quarters theory but also based upon the price range so far this year. As you can see - a break of the current level opens up for 1.08 but price must then make a clear break of this level and make a new low under 1.10 If this level holds we are back into range play with both an...
but remember nothing goes in a straight line - buy the dips for short term trades - - be patient - target the grey line - set your SL as per your own rules and take ownership of your own trade - and dont blame the charts you shadow trade