Last week i wasn't lucky with this pair as i attempted a buy idea which finally hit SL.
However, on that same day i had 3 other ideas on gold, eurjpy, and eurusd which all went extremely well and brought back with 3 big TPs
At the rate of 3 big TPs and 1 small SL is a very satisfied trading day for me.
My bases for today's idea as followed:
1/ We can see a triangle is forming in M30 time frame
2/ From the news, USD outlook is softening
3/ Positive co-relation pairs: usdjpy, usdchf are going down
4/ Negative co-relation pairs: eurusd, gbpusd, audusd, nzdusd are going up.
So the plan is:
Sell Stop @ 1.3375
TP @ 1.3300
SL @ 1.3420
Expiration/ waiting time: 12 hours from this post.
Good luck and keep me posted okie.
However, on that same day i had 3 other ideas on gold, eurjpy, and eurusd which all went extremely well and brought back with 3 big TPs
At the rate of 3 big TPs and 1 small SL is a very satisfied trading day for me.
My bases for today's idea as followed:
1/ We can see a triangle is forming in M30 time frame
2/ From the news, USD outlook is softening
3/ Positive co-relation pairs: usdjpy, usdchf are going down
4/ Negative co-relation pairs: eurusd, gbpusd, audusd, nzdusd are going up.
So the plan is:
Sell Stop @ 1.3375
TP @ 1.3300
SL @ 1.3420
Expiration/ waiting time: 12 hours from this post.
Good luck and keep me posted okie.