EURUSD Thesis
- Weekly: Last weeks candle closed as a huge bearish candle closing below 1.1050 psychological zone. New lows were formed at 1.0985.
- Daily: After expansion to the downside creating new lows price has now retraced up to 1.1050 for a retest after break below. Could now see a sell off to next target 1.0930.
- 1hr: Could sell now but prefer one more test of the 1hr launch pad then look for a sell off to 1.0930.
Trade active
Trade closed manually:
Exiting for now because of NFP. Will look to enter next week if opportunity presents itself
Trade active
Trade closed: target reached