Probably, next week the EUR/USD will continue its down trend but not before it will take a bullish direction on first day of trading.
I would wait the moment when it crosses back down the 1.10823 level, when I would enter the position with a stop loss at 1.11671 and profit take at 1.07768
The risk taken on this trade is 1 to 3.58, which is great.
This forecast is made by analysing the instrument on multiple time frames.
You can follow me on twitter at @AxinteCiprian
Thank you!
I would wait the moment when it crosses back down the 1.10823 level, when I would enter the position with a stop loss at 1.11671 and profit take at 1.07768
The risk taken on this trade is 1 to 3.58, which is great.
This forecast is made by analysing the instrument on multiple time frames.
You can follow me on twitter at @AxinteCiprian
Thank you!
Note
The trend may reverse sooner than I expected.
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.
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.