germanbel

EURUSD: STOP LOOSING MONEY

germanbel Updated   
FX:EURUSD   Euro / U.S. Dollar
6
During the last three weeks price closed very similar around 1,1190. The price is trapped between 1,1295 and 1,1118. These are the peaks up and down of last three weeks.

The levels that the price should touch are 1,1350 and 1,1000. The question is when and which one first. When is from now on. Which is the problem. So to stop loosing money one should stay aside until one of the levels are touched. Once this happens you will have more data about if the price will go from 1,1350 to 1,1000 or from 1,1000 to 1,1350.

If I have to decide with a gun on my head, I would do what you can see in the graph. Already sold till 1,1000 with a buy stop at 1,1230 with target 1,1350.

Good Luck!!!
Comment:
Hi Guys. Now we have a little bit more data. I begin to see that after 1,1350 the pair is going to try next step 1,1500.
What do you think?
Good Luck!!!
Comment:
Buy stop closed manually. Almost 1,1350. From now I would wait 1,1350 to be surpassed to look for a good support to continue buying.

Good Luck!!!
Comment:
Seems that breaking 1,1400 would extend gains towards 1,1500.

Good Luck !!!
Comment:
Hi Guys.
Done as predicted.

Good Luck !!!
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