EURUSD: Preparing for NFP
Updated
In this chart I share the way I'm looking at the Euro before today's shock event.
The 4h chart provides us with a more granular look at the price action, and helps identify the catalysts visibly on chart in the form of the callouts you see here.
The current juncture is that of a 4h downtrend, as insinuated by Rgmov (not shown on screen), and by the price action and time at mode signals on chart.
I will be covering this in a webinar I will be hosting, the link will be accesible for those who like this chart.
I'll explain how the 4h and daily and weekly signals interact in the webinar.
The entries detailed on chart are:
Long trade:
-Pending buy stop: 1.0909
-Stop loss: 1.08732
-Target #1: 1.10375
Short trade:
-Pending sell stop: 1.08402
-Stop loss: 1.08773
-Target: 1.06891
For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.
Cheers,
Ivan Labrie
Time at Mode FX
The 4h chart provides us with a more granular look at the price action, and helps identify the catalysts visibly on chart in the form of the callouts you see here.
The current juncture is that of a 4h downtrend, as insinuated by Rgmov (not shown on screen), and by the price action and time at mode signals on chart.
I will be covering this in a webinar I will be hosting, the link will be accesible for those who like this chart.
I'll explain how the 4h and daily and weekly signals interact in the webinar.
The entries detailed on chart are:
Long trade:
-Pending buy stop: 1.0909
-Stop loss: 1.08732
-Target #1: 1.10375
Short trade:
-Pending sell stop: 1.08402
-Stop loss: 1.08773
-Target: 1.06891
For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.
Cheers,
Ivan Labrie
Time at Mode FX
Trade closed: target reached
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ivanlabrie.substack.com/
ivanlabrie.substack.com/
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