EURSEK has given ample confirmation that a new rally is taking off from here, you can take a half position here, risking a drop under yesterday's open, or if more conservative, entering gradually over 3-5 days. Your size should be 4000-8000usd worth per every 10k usd in your account, to risk 0.5-1%. Don't use a stop loss. Exit if we drop under today's open.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
Trade closed manually:
Underwhelming move. Unclear for now, stand aside. Exposure to FX should be minimal during December to January, at least if you're a trend trader and not looking to gamble on pseudo-random intraday fluctuations.
