Hello folks , come back to the forex! Today is the first friday of the month , so NFP USA , it would be surely a high volatility day because of this big impact news for the dollar. So my advice is to take position after the news , after the big volatility , but if you have a more aggressive approach , forget what i said! So there is a descending trendline that accompanied the EUR USD falling , now looks like is forming a triangle and this zone might be a good point to go long , with a SL below lows and TP around 1.20700 previous support zone, another reason is the strong falling , looks like need a retracement and this is what we want to take. Don't take that as financial advice and be careful to trade today , it would a high volatility day. Have a nice day!
Comment:
Still active after NFP. If it breaks the level around 1.19400 , short it.
Trade closed: stop reached