Elogos

2014/05/16 (Friday) Price Action

Long
FX:EURUSD   Euro / U.S. Dollar
0
A slow day after the move down past support on Thursday.
We closed as an inside bar after striking just over 50% of Thursday bar.
==============================================================

Monday will be interesting since we might see a continuation of the recent down movement.
If you took the 50% retrace for long you would be in a comfortable position for RR. I am playing it a bit more cautious and waiting for that Thursday bar to be broken.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.