With all the EUR pairs that sank down on Friday's session, this one has the best potential short setup.
The risk-reward ratio is good and it's best to enter on the start of the downward trend.
Euro's meltdown has a higher chance to continue on the following week, so let's take advantage of it but don't forget to minimize the risk.
Even though NZD is also weak due to poor data, I believe there will be more sellers on EURO.
We can place 3 orders on this trade with 3 targets and once target 1 was hit, don't forget to manage your trade and move SL to sell entry and once target 2 has been hit, trail your SL to target 1 and let the price go down finally to target 3.
Good luck and leave your comment if you think otherwise.
The risk-reward ratio is good and it's best to enter on the start of the downward trend.
Euro's meltdown has a higher chance to continue on the following week, so let's take advantage of it but don't forget to minimize the risk.
Even though NZD is also weak due to poor data, I believe there will be more sellers on EURO.
We can place 3 orders on this trade with 3 targets and once target 1 was hit, don't forget to manage your trade and move SL to sell entry and once target 2 has been hit, trail your SL to target 1 and let the price go down finally to target 3.
Good luck and leave your comment if you think otherwise.
Trade active:
don't forget to manage your trade accordingly..
Comment:
Update: TP1 is on its way.. We just need patience... :)
