The best Sell entry will be near 3-Months High! If the price will approach it with double ATR we can open the position. Why this trade has great potential? Because, if the price will show a false breakout we will get a trade with a sweet risk/reward ratio (1:5 - 1:10). Keep watching! Good luck!
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I'm not sure of the macro economic state of the Euro, but in America, the money supply has been raising exponentially for a few months now, with no sign of slowing. Could this cause hyper inflation in relation to the Euro? If so, this trend may just continue in this parabolic upward trend for some time.
Guztro
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@CrazedJEW, I fully agree with you, I'm not selling this pair anytime soon. Understanding fundamentals has always kept me on the right side of the market.
@Yuriy_Bishko, sir please suggest me I was took entry in sell at 1.11400 and now I hadge trade at buy 1.13490 , what should I do now please please suggest me
Yuriy_Bishko
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@Sahdev99, emm... I don't know what is your strategy. Some traders use hedge often
@Sahdev99, Hi, I would tak e this nice profit, and see what th markets is doing... On day trade it' s stille very volatile, so there is enough to gain. If the market turns, you can always go short . At least, that's what I'm doing :-) Good luck, but keep in mind:we trade because of the profits :-)