I'm in if the support that I've drawn works. This is not a trading advice.
So, with the latest news of USD, USD got stronger a little but we can still sense the weakness. Also GBP had had some supportive fundamentals when we saw this opportunity. Big buying trend is also an support for us to take this trade. We're going to use a buystop order and see how it goes. If the support that we mentioned gets broken the opposite way, then...
I think the pair needs a retracement and also i've noticed divergences in 2 indicators supporting my sell signal. If we draw the trendlines we'll be able to see a channel there so, also it would be wisely closing the trade at lower trendline of the channel. It's a 1:2.5 trade and let's see how it goes.
It looks like we took out the sellers in 1H chart. I'll keep it simple and see how it goes. It's a simple day trade.
I'm planning to load up more lots if it gets retraced a little bit. Otherwise it's going to be a 1:1 trade.
I took this trade with the latest news. It has a big risk/reward ratio and I believe that GBP willl take it's power back this week. Also EUR could get weak with this week's news so let's see how it goes. I would appreciate it if you tell me your idea about this trade and leave a like, cheers :)
I've taken perfect trades related to EUR since last week so I'm hoping that one will be just like the others. Good news were released on Italy, French and Germany this week, in addition USD got a hit by the last fundamental of USA. Although we can sell the hell out of EURUSD to join the short term down trend, I've decided to take a trade which has a great...