Hey guys,
as we are bearish the USDX we are considering buying the eurusd at around 1.07 with a stop loss at around 1.06256 and an initial target of around 1.10 which allows us to have a risk to reward of around 3.11.
Our own calculated Intermarket indications also supported our idea of higher EURUSD. Let's see!
This trade is a trend trade. BUT why we took the position is because of structure and Intermarket reasons, so we didn't just buy it randomly there is a strategy and structure technique behind it. For more see our signature.
Never risk more than 1% on each trade and use always a tested strategy. Never overleverage as you will eventually lose your account!
Cheers
as we are bearish the USDX we are considering buying the eurusd at around 1.07 with a stop loss at around 1.06256 and an initial target of around 1.10 which allows us to have a risk to reward of around 3.11.
Our own calculated Intermarket indications also supported our idea of higher EURUSD. Let's see!
This trade is a trend trade. BUT why we took the position is because of structure and Intermarket reasons, so we didn't just buy it randomly there is a strategy and structure technique behind it. For more see our signature.
Never risk more than 1% on each trade and use always a tested strategy. Never overleverage as you will eventually lose your account!
Cheers
Trade active:
The trade was activated yesterday. lets see
Comment:
Seems that we could see a blow off to the downside, we don't have conviction in this trade anymore as it broke the last significant low, but we will keep on holding our stop loss. let's see.
Trade closed manually:
We closed this trade manually as we think that eurusd could fall from now
