About meRedRhinoFX provides automated Forex Signals based on our fundamental and algorithmic analysis. Our team provides diversified investments with equity protection through automation using our proprietary Forex trading software.
Bulls breaking out with several new highs with a higher low. buying on dips would be ideal.
Bears are weak but to be safe,
enter with RR 1:1 stoploss takeprofit ratio to ensure better odds of reaching our target.
EURUSD is having a difficult time breaking and holding above 1.06 and 1.05. The next move will determine the next 200 pip extension into 1.07 or 1.04 .
News Updates: NFP on Friday. Expect boundaries to be tested
Strategy is momentum following on an intraday bias.
We have a suitable risk of 1 for a reward of 3+ with the potential to earn a small bonus from the swaps holding NZD against the dollar for how ever many weeks or months necessary to reach the take-profit
Wicks show buyers are catching the bottom near 0.7600