Balanced currency basket
Updated
It's a good idea to incorporate multiple FX pairs every time we trade.
I like to open positions after the NY close, because volatility is low, and price action from the whole day is reflected more clearly on the daily chart.
I took EURJPY, EURCAD and EURUSD shorts today, getting stopped out of EURCAD.
I want to balance my portfolio introducing other interesting setups without focusing exclusively on Euro weakness.
Risking 1% on these multiple positions leaves me with a 6% exposure, which is below my threshold of 10%.
Good luck!
I like to open positions after the NY close, because volatility is low, and price action from the whole day is reflected more clearly on the daily chart.
I took EURJPY, EURCAD and EURUSD shorts today, getting stopped out of EURCAD.
I want to balance my portfolio introducing other interesting setups without focusing exclusively on Euro weakness.
Risking 1% on these multiple positions leaves me with a 6% exposure, which is below my threshold of 10%.
Good luck!
Trade closed: target reached
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