Price is on a bullish channel on the weekly chart and is now touching resistance on the channel's bullish trend line. If the price returns to the resistance of 1607, I will enter shorts. I'm going to keep an eye on the value to see if it offers entry. All are odds.
XAUEUR short on daily chart
Stop Loss = 1636.15
Entry Order = 1587.15
TP1 = 1538.15
Two positions with the same stop loss and x1 target for the first position
The stop loss of the second position to breakeven when the first position hits the target1.
The second position has no target, only exit
Risk= 2% of account capital (1% each position)
We've seen a very significant phone in the dollar today compared to the euro . China may have to wait until after the 2020 election to handle the trade disputes between not only the United States but also emerging markets.
All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down...
The market was in a previous uptrend in recent weeks, but more recently, the market has been slowing down in it's bullish momentum. It is observed that after the recent swing High and swing Low, (which broke uptrend structure) the market went in an area of Lower High where around and important fib level in which we would seek to sell. I entered at the close of...