EURUSD: At ECB key level support, buy a 1/2 position here first
Updated
Let's take a long position in EURUSD at market, risking 95 pips down, or 1 average true range down.
The ECB key levels from 2015 are labeled in light blue, the 2016 key levels in purple, and in dashed lines, the Brexit, Jackson Hole and election key levels.
I think we're about to get a turn in the Euro, so getting in early on, with a half position seems like a good idea.
After today's close, I'll look to add to longs on strength.
Good luck,
Ivan Labrie.
The ECB key levels from 2015 are labeled in light blue, the 2016 key levels in purple, and in dashed lines, the Brexit, Jackson Hole and election key levels.
I think we're about to get a turn in the Euro, so getting in early on, with a half position seems like a good idea.
After today's close, I'll look to add to longs on strength.
Good luck,
Ivan Labrie.
Trade closed manually
We'll have to wait some more to enter here. For now, stand aside. Better take a small loss.Note
Glad we closed for a small loss. Need to wait for today's daily close, then we can reasess. It looks like it could turn up very soon, but it's probably going to follow gold, so, it's not 100% clear yet.
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