Price Channel
Updated
Use the support and resistance levels within which it currently trades. Identify optimal levels to buy or sell, channel break-outs occur when significant move in EU price increases dramatically, which will be probaly be the case with NFP and the USA unemployment rate scheduled today. In order for your SL not to be hit, just place it as far away as possible from dumb money. In the light of this sanitary crisis, market is struggling on a tight liquidity, the combination of these factors could exacerbate market stress, particularly when volatility spikes. Buy a bounce, a 'weakness' when price is expected in the trading channel.
Note
price channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.