How to use a single trend line for tactical trading.
Hello Traders.
Yet another Tactical Tuesday.
After the euro broke lower a continuation is eminent.
Overall trend remains an uptrend even though there is certain decline on EURUSD pair since the begining of Trade wars.
So this is a short term proposition.
US indeces are declining and even though that is weakening dollar across the board, that does not hold true for EURUSD pair.
CPI data coming up from eurozone will clear up the scenery on the most heavily traded pair.
My entry point will be bypassing economic data and aiming in a more favourable price point.
Trade safe, trade well.
Yet another Tactical Tuesday.
After the euro broke lower a continuation is eminent.
Overall trend remains an uptrend even though there is certain decline on EURUSD pair since the begining of Trade wars.
So this is a short term proposition.
US indeces are declining and even though that is weakening dollar across the board, that does not hold true for EURUSD pair.
CPI data coming up from eurozone will clear up the scenery on the most heavily traded pair.
My entry point will be bypassing economic data and aiming in a more favourable price point.
Trade safe, trade well.
Order cancelled:
Price action acting too sharply