Good morning traders,
Our yesterday's EURUSD entry unfortunately got taken out at breakeven.
Today we look to buy EURUSD. A wise buy area would be at a discount price around 1.06356 - 1.05913
However price is currently at the premium pricing and we are reluctant to buy at premium pricing as theory suggests, Buy at Discount & Sell at Premium.
Currently EURUSD trend is bullish and hence why we are looking to buy. If the price currently in premium gives us confirmation of bullish momentum shifting once it breaks the dotted horizontal line marked, we may look to buy this pair at retracement mitigation.
We will keep you all updated
Our yesterday's EURUSD entry unfortunately got taken out at breakeven.
Today we look to buy EURUSD. A wise buy area would be at a discount price around 1.06356 - 1.05913
However price is currently at the premium pricing and we are reluctant to buy at premium pricing as theory suggests, Buy at Discount & Sell at Premium.
Currently EURUSD trend is bullish and hence why we are looking to buy. If the price currently in premium gives us confirmation of bullish momentum shifting once it breaks the dotted horizontal line marked, we may look to buy this pair at retracement mitigation.
We will keep you all updated
Order cancelled:
Trade Invalid as it didnt break the structure. We will now look to buy at the discounted entry. Check next idea
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