EURUSD | Perspective for the new week | Follow-up details
The Euro was unable to hold to its two-day gains, as it dropped and closed below the new key level at the $1.02800 area to set the tone for a possible risk of further decline in the coming week. In this video, I have explained in detail the possible expectations that we could be seeing this week and how I intend to take advantage of the bearish momentum when structures eventually mature for the move.
Last week's update on the EURUSD is here 👉🏽👉🏽
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Last week's update on the EURUSD is here 👉🏽👉🏽
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
I woke up late hence missed the breakdown/retest of the bullish trendline. Let's see if we are going to witness a retest of the 1.02450level for further confirmation to join the decline. However, I have taken a trade with half of my position size from this point to see how this goes.
Good Morning
Good Morning
Trade active:
Locking in my half size position as experimentation with this position continues
Trade active:
73pips in profit; locking in some profit. Unfortunately, I entered with half of my normal position but it's ok. If the market gives me another chance in the form of a move back up I will be scaling in strong on this one but till then - Good night all!
Trade closed: target reached:
Good morning
Good morning
Trade active:
With over 90 profit in my last position on this pair; I have another possible entry after noticing a strong supply zone on my 15mins timeframe. Hence, below 1.01700 looks promising for selling opportunities.
Good morning
Good morning
Trade active:
Trade closed: stop reached:
Just hit stoploss; I am anticipating re-entry
Comment:
Despite the FOMC, I still see that the supply zone still holds water hence still looking forward to selling the Euro
Trade active:
Locking in some profit
Good afternoon
Good afternoon
Comment:
I am glad; 2 TP targets and one stop out within the week with approximately 200pips.
No more trades for the week on this pair I guess
No more trades for the week on this pair I guess
Trade smart. Trade consciously
FOMC!