EUR/USD UPDATE!
Alright guys, here we have it!
If you're not already in this trade wait for a definitive move, like prices taking out the prior high that we currently have near the 1.25000 Region.
We could see prices head up to highs of 1.26000 or even higher however currently. Our risk-reward ratio would be 1:1 at best, we could at least wait for a breakout to the upside.
Hopefully prices made a kiss on the bearish trend line and is currently waiting to explode to the upside(1.26000), however prices could push back down into our zone below 1.23000.
I would perhaps give this a break for now guys, however if you guys were already trading this pair before prices broke the bearish trend line you're literally in the best case scenario.
You only have to risk 20 - 40 pips to see if prices will break to the downside, however if someone were to jump in as of now, you'd probably be risking minimum 100 pips to convince you that prices aren't breaking to the upside anytime soon.
IF YOU'RE IN THIS TRADE, SIT ON YOUR HANDS BUDDY!
Alright guys, here we have it!
If you're not already in this trade wait for a definitive move, like prices taking out the prior high that we currently have near the 1.25000 Region.
We could see prices head up to highs of 1.26000 or even higher however currently. Our risk-reward ratio would be 1:1 at best, we could at least wait for a breakout to the upside.
Hopefully prices made a kiss on the bearish trend line and is currently waiting to explode to the upside(1.26000), however prices could push back down into our zone below 1.23000.
I would perhaps give this a break for now guys, however if you guys were already trading this pair before prices broke the bearish trend line you're literally in the best case scenario.
You only have to risk 20 - 40 pips to see if prices will break to the downside, however if someone were to jump in as of now, you'd probably be risking minimum 100 pips to convince you that prices aren't breaking to the upside anytime soon.
IF YOU'RE IN THIS TRADE, SIT ON YOUR HANDS BUDDY!
