IvanLabrie
Long

Forex portfolio: Go long EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
Simple, let's add this trade to our portfolio as well, risk 0.5% on it.

Target 1.14279
Stop: 1.11231

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Good luck!

Ivan Labrie.
Comment: Add a 0.25% risk position with the same stop, at market.
Comment:
snapshot
Trade closed manually: I'm not liking the retracement of post-FOMC action today, I suspect traders will close positions going into the debat and OPEC news so we can probably reenter next week. We will close all FX positions for now. It's better to avoid risk and take a small loss than continue to be exposed to this move. In the long run, it's highly probable that the trades pan out well, but short term distortions in price can cause larger loss than acceptable before the fundamental move pans out.
Comment: EURUSD broke above resistance, we can look to rejoin the long side soon.

snapshot
Hi Ivan. On a weekly chart or daily is yours pice target. I am thinking weekly might be best!
Reply
I don't have a very specific target, but I know price will tend to go up due to fundamentals and the way the chart is set up. There's a lot of strength in this pair, as shown by the RgMov indicator, and a huge coil that built up here, so it's bound to shoot up as every short is squeezed. I'd assume we'll hit the Brexit daily high zone.
Reply
Looks good so i joined the fun!
Reply
what the Great man thoughts..!!
+1 Reply
Thanks!
Reply
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