I am expecting the price to continue its price rally that begin last week. The price bounced off an ascending trend line which began in June 2016. It has also bounced off a support at 126.6
However, I will be looking for a short-term correction before entering a long position on this pairing.
Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade.
If you stick by a smart trading plan you can substantially reduce your exposure to losses.
However, I will be looking for a short-term correction before entering a long position on this pairing.
Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade.
If you stick by a smart trading plan you can substantially reduce your exposure to losses.