FX portfolio: Long EURUSD on a breakout

FX:EURUSD   Euro Fx/U.S. Dollar
4 months ago
We can look to enter longs if the Euro             manages to break out above the last daily high next week.
NFP created strong volatility, which followed by a series of Fed speakers and oil             data, led to a close near the highs after shaking everybody out (myself included). I managed to cover my short before losing any money, but my first long attempt failed.
We can try once again, if next week we break above resistance, which would create a rapid move to the upside, giving us a low risk opportunity. I reccomend risking 0.5 to 1% on each trade. this is no exception.

Have a nice weekend, cheers!

Ivan Labrie.
4 months ago
Comment: Price can't break above the resistance, I'm shorting if we break below last Friday's low, and cancelling pending buy stops.
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