EURUSD 1.08171 +0.12% LONG IDEA
Updated
GOOD DAY TRADERS
HERE'S AN IDEA ON THE EURUSD PAIR, THE DOLLAR HAS BEEN STRONG DESPITE ALL THE BAD U.S. ECONOMIC UPDATES IN THE PREVIOSE WEEK AND SLAMS FROM SEVERAL FEDERAL RESERVE MEMBERS.
> THIS COULD BE BECAUSE THE USD IS THE SAFE HEAVEN DURING THIS GLOBAL RISK SENTIMENT I DON'T KNOW.
> AND THE FED'S RE-ITERATION OF NO PLANS TO TAKE INTEREST RATES TO NEGATIVE MAY HAVE HELPED THE DOLLAR
> EURUSD STILL TRADING IN THE SYMMETRICAL TRIANGLE ON A COUPLE OF TIME-FRAMES , MOST LIKELY SCENARIO IS WE MAY SEE CONTINUATION TO THE UPSIDE TO GO RETEST THE SYMMETRICAL TRIANGLE AND MAYBE SEE A BREAK TO THE UPSIDE.
> OR SECOND SCENARIO WE MAY BREAK TO THE DOWN SIDE , RETEST THE STRUCTURE AND CONTINUE TO THE DOWNSIDE
I'M LOOKING FOR LONG POSITION ON THE PAIR GOING WITH SCENARIO 1
TARGET 1 - 1.08566
TARGET 2 - 1.09282
RISK MANAGEMENT
PERIOD - SWING TRADE
HERE'S AN IDEA ON THE EURUSD PAIR, THE DOLLAR HAS BEEN STRONG DESPITE ALL THE BAD U.S. ECONOMIC UPDATES IN THE PREVIOSE WEEK AND SLAMS FROM SEVERAL FEDERAL RESERVE MEMBERS.
> THIS COULD BE BECAUSE THE USD IS THE SAFE HEAVEN DURING THIS GLOBAL RISK SENTIMENT I DON'T KNOW.
> AND THE FED'S RE-ITERATION OF NO PLANS TO TAKE INTEREST RATES TO NEGATIVE MAY HAVE HELPED THE DOLLAR
> EURUSD STILL TRADING IN THE SYMMETRICAL TRIANGLE ON A COUPLE OF TIME-FRAMES , MOST LIKELY SCENARIO IS WE MAY SEE CONTINUATION TO THE UPSIDE TO GO RETEST THE SYMMETRICAL TRIANGLE AND MAYBE SEE A BREAK TO THE UPSIDE.
> OR SECOND SCENARIO WE MAY BREAK TO THE DOWN SIDE , RETEST THE STRUCTURE AND CONTINUE TO THE DOWNSIDE
I'M LOOKING FOR LONG POSITION ON THE PAIR GOING WITH SCENARIO 1
TARGET 1 - 1.08566
TARGET 2 - 1.09282
RISK MANAGEMENT
PERIOD - SWING TRADE
Trade active
TP1 hit adjust SL to break even on the second Trade or trail stop the pair... Follow your Rules & Risk management....
Trade closed: target reached
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