FX CHART OF THE DAY: EURUSD BREAKDOWN TRADE
EURUSD is currently on risk of breakdown, as it falls below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the mean) - signaling downtrend probability
Traders can pick short positions closer to the lower 1st standard deviation (at 1.12525) with STIOP at the mean itself (1.1315)
Traders should mind US news coming out during the day at 15-00 UTC
/// mistake on chart - it is STOP at the mean, not target ///
Traders can pick short positions closer to the lower 1st standard deviation (at 1.12525) with STIOP at the mean itself (1.1315)
Traders should mind US news coming out during the day at 15-00 UTC
/// mistake on chart - it is STOP at the mean, not target ///
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.