Break of minor trend line. Yesterday's NFP volatility didn't break below the hammer's low, indicating upside risks to EURUSD. Accordingly, long on 1.1816, targeting 1.1998 (or 1.20 rounded off)
Trades so far: AUDCAD - TP Hit (230 Pips) GBPCAD - TP Hit (124 Pips) Gold - SL Hit (15 Points)
Comments
justatrader
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Moment of truth!!!
justatrader
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Trade survived the night. Now its up to the ECJ and how the markets react.
Yup. But price needs to clear 1.18 to make it a safe trade. But nonetheless, it looks like its going up. I've explained it in a bit more detail here for those interested to understand the price action dynamics: justatrader.com/2015/01/eurusd-going-long-at-117673.html
GrigoriySergeev
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Friends, do you think what are the chances to go to 1.19?
justatrader
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A close below 1.17678 will see a decline to 1.17258 and then 1.1671.
Hi Ricciardi, for the longer term, i'm moderately bullish on EURUSD. RSI's are something I can't ignore. My trade plan is therefore to target 1.19/1.20 and leave a second position to target higher trading at some profits locked in. Let's see. This week court ruling on OMT and us inflation. Should be an interesting week.
UtterOnce
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I AGREE. ALREADY HAVE A SELL LIMIT AWAITING AT THE GAP @1.1989.
MAKES PERFECT SENSE TO GO LONG FOR CLOSING OF THE GAP.