Hello everybody. I was looking for something interesting on market and found this formation on EU very interesting. Look here. We are creating a huge channel from 1.011 to 1.025 now. Once we break 1.02550 or 1.010 we will run 'to the Moon' or backwards 'to the Hell'. SO, I just placed alerts for 1.02550 and 1.010 so I can open long or short on both of these prices. This is the simplest way to trade and this is always work, because this is how economy works.
My TP for long is the nearest level and this is about 1.03. My TP for short is 1.00. SL depends on your own risk-management .
Also, if you are a experienced enough you can trade inside this channel. But this is always way riskier than trade breakthrough.
*We have some really BIG fundamental things going on, so all the market could be very shaky.
Have a good weekend and good luck next week guys. Always yours Fridrex ;)
My TP for long is the nearest level and this is about 1.03. My TP for short is 1.00. SL depends on your own risk-management .
Also, if you are a experienced enough you can trade inside this channel. But this is always way riskier than trade breakthrough.
*We have some really BIG fundamental things going on, so all the market could be very shaky.
Have a good weekend and good luck next week guys. Always yours Fridrex ;)
Trade active:
Channel wasn't broke so we still in our channel. Keep alert because idea is still alive.