EURUSD

12 באוק׳ 2019

MAJOR DOWNTREND , AND A LITTLE ASCENDING CHANNEL ...After some big fundamentals we have seen a push above 1.1000 but the move hasn't been too strong. i do see weakness and as well we are still within our trendline . You could short at this leel with a 15 pip SL and TP at 1.1000 for a quick profit, but for those swing traders, i do see a good opportunity here for a 100+ pip move. There is USD news in 3.5 hours so if taking the trade at this level for a swing, make sure to give yourself some breathing room with your SL and keep your lot sizes lower to not over leverage yourself and get into trouble.