EUR/USD London Breakout 14th of March 2019
Updated
London breakout strategy for EUR/USD.
REASONS TO BUY:
EMAS 50-78 confirm the short time uptrend.
Last 4-hours box broken (from Asian Session).
The pair is in the channel (see 4h). The upper bound may be tested.
WHAT COULD GO WRONG:
1.13300 Key level resistance
The pair may reverse even if the channel's upper bound is not hit.
REASONS TO BUY:
EMAS 50-78 confirm the short time uptrend.
Last 4-hours box broken (from Asian Session).
The pair is in the channel (see 4h). The upper bound may be tested.
WHAT COULD GO WRONG:
1.13300 Key level resistance
The pair may reverse even if the channel's upper bound is not hit.
Trade closed: stop reached
RESULT: -19 PIPSTOTAL FOR THE MONTH: -19PIPS
Note
The good thing is that I followed the system.TIP: "Trust your system even when on a loosing streak!"
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