Good morning,
Looks like the EUR is finally out of its 10 months descending wedge, reversing its downtrend. What is helping the EUR finally push out? Could it be the political turmoil in England over Brexit? The US -China -Mexico dispute? None of this truly matter, its already priced in and all we have to do is look for a good entry and a good exit.
I shall take on the risk of entering at the high of days @ 1.1320 with a stop loss @ 1.1250 and a take profit @ 1.1420.
Good luck
Trade closed: stop reached:
Good Friday,
US retail figures did happen to be better than prior and expected. Dropping EUR to my top loss @ 1.1250. A loss of 70 pips on this trade. No problem, will restart new week on a fresh note.
Have a good weekend
US retail figures did happen to be better than prior and expected. Dropping EUR to my top loss @ 1.1250. A loss of 70 pips on this trade. No problem, will restart new week on a fresh note.
Have a good weekend