Interesting set up on all time frames, a nice reaction off of 50% from a previous weekly candle has given us a sniper entry and now going down into the daily time frame the pull back we had has given another nice entry. Going down to the 4H you can see areas of liquidity visible along with multiple imbalances, beneath that we have mitigation zones and...
Today, European President Draghi was due to testify about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee, in Brussels. To sum up what he said in his speech, he clearly stated that the European economy is stabilizing from its draw-down in the 2007-2008 financial crisis. This is why we have been seeing the...
If the Euro holds support and takes out our entry she could run for a few days.
VIDEO: www.youtube.com Hello and good morning traders. I trust that everyone has had a great weekend and are ready to get into it today and trade up the opportunities that come your way. I'm currently staying in my short trade position as my trading plan either does one or two things. It goes on and hits my targets or it stops me out. Please watch the video...
Why you don't try to catch a falling knife. It would be great to be short..but we are not. Knife hurt when you catch them. On side lines with the euro.
Looking to buy GBPUSD above the orange line at 1.13813. Targets are 1.14587 and 1.14890. Stop loss will be placed 20 pips below the 1.13146 support level.