This week, the major news revolves around Trump and his actions upon taking office. Expect high volatility and erratic movements.
For this week's trade idea, we need to wait for a pullback to the previous support level at 1.213 and enter a buy when we get confirmation. We are targeting the previous daily high at 1.23500, but remember to take partials and secure profit along the way.
This trade is based on higher time frame analysis, support and resistance levels, and trend lines.
As mentioned above, be cautious this week. Don't get trapped and use proper risk management. I'll update this as the week progresses.
For this week's trade idea, we need to wait for a pullback to the previous support level at 1.213 and enter a buy when we get confirmation. We are targeting the previous daily high at 1.23500, but remember to take partials and secure profit along the way.
This trade is based on higher time frame analysis, support and resistance levels, and trend lines.
As mentioned above, be cautious this week. Don't get trapped and use proper risk management. I'll update this as the week progresses.
Order cancelled
level not reached
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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.