Looking ahead, October is going to be a big month for Sterling. In the Week chart the pair was around 1.2240, the Momentum indicator is bouncing just modestly from its daily low but still within negative level.
Prepare to action if Break Long and set SL, TP or Short and set SL, TP also choose your side.
If you look back in EURUSD 1D we will see the support line that the price just break down last month maybe we can open Long position here and set Stop loss to protect this position that we know the limit of down side.
This is the 4th time for the msci index that test resistance on EMA 50.
time to follow buy and set tp/sl for this scalp.
This is the best point to action just wait the market prove. Good luck!
first if your strategy is Long Bias just Long 1 position and open short for hedge the long order.
prepare to short follow down trend, Now just wait and see to action. if not. Do nothing or Open short first then set SL and open Long to keep position to collect USD.
Stay calm, and just wait for the market give you an answer.
Graph is showing the number of bar chart that create a group on resistance line plus with RSI that show lower 30. Buy at 1.35xxx and 1.33xxx to sell 1.38xxx
Acctually I keep bias for Long side from last year until now follow the report from all institue last year about EU such as election, GDP, brexit. Now i just try to resuce position and wait the trend give an answer.
I'm looking for Open Short side follow the trend and place stoploss at ma50 or Still open buy to collect position and open short side to pretect strategy.
Action when XAUUSD breakout start following trend.
From now 77000 heading to 76000 it's under MA50, Bias down side. anyway it's just my opinion Thx.