As we are observing now, EURO is pushing upwards heavily, and this is in part due to the current situation that they are collectively facing. But all that being said, i havent checked any news but if the central bank issues funds to the European countries, we should expect a rise in price since the economy would be stimulated from that.
From a technical standpoint (my prefered method of trading), we saw a HUGE push just now and preceding that was a lot of indecison and small moves; doji's and such. Basically a hold of price to increase liquidity. As we speak now, im currently waiting for price to retest on the orange line since this was the high we needed to break. After i see a retest, i will enter a long position hoping to close out at my target marked above, with possible pullbacks involved. that being said we can take profits after each surge and come back in on each low of a pull back.
Trade safe, Trade smart, Trade to WIN. Expect to WIN and you will be great. Thank you guys for checking in to PRECISION FX and ill see you in the next one!!
From a technical standpoint (my prefered method of trading), we saw a HUGE push just now and preceding that was a lot of indecison and small moves; doji's and such. Basically a hold of price to increase liquidity. As we speak now, im currently waiting for price to retest on the orange line since this was the high we needed to break. After i see a retest, i will enter a long position hoping to close out at my target marked above, with possible pullbacks involved. that being said we can take profits after each surge and come back in on each low of a pull back.
Trade safe, Trade smart, Trade to WIN. Expect to WIN and you will be great. Thank you guys for checking in to PRECISION FX and ill see you in the next one!!
