Good day traders!
This is a review of the EURUSD position we placed las week. We were anticipationg a bullish move on this pair but as much as it pushed to the upside, it did not follow the pattern we we thought it would. As you can see from the chart that the SL was hit before the market started going up. The move to the upside is not complete so we can still look for buying opportunitties with a 1st TP at 1.19700 and the 2nd TP at 1.20000. Entering buy positions at this level will require a wide SL, probably below 1.17500 to avoid being prematurely taken out by any 'Monday market madness'.
Do like and post a comment if you get value from this post, it is greatly appreciated.
This is a review of the EURUSD position we placed las week. We were anticipationg a bullish move on this pair but as much as it pushed to the upside, it did not follow the pattern we we thought it would. As you can see from the chart that the SL was hit before the market started going up. The move to the upside is not complete so we can still look for buying opportunitties with a 1st TP at 1.19700 and the 2nd TP at 1.20000. Entering buy positions at this level will require a wide SL, probably below 1.17500 to avoid being prematurely taken out by any 'Monday market madness'.
Do like and post a comment if you get value from this post, it is greatly appreciated.
