Heavily manipulation on this pair around the 1.33500 region so keep stops fairly wide.
Going in big on this move with 50 lots currently running and they have been running for the past few hours, experiencing many spikes and wicks. The wicks are leaving an overall bigger picture, especially on the 4H timeframe.
Despite the big running position, I'll likely be...
Trendline was met within 6 hours of posting the setup this morning.
Price successfully hit the trendline with absolute precision and reversed. As stated in the prior idea, my long position was entered with a 30pip stop targeting the $0.3400 region.
Hopefully, if you were patient you managed to catch the move as well!
Price is currently up around 60 pips and...
Huge downside pressure has just commenced across the EUR pairs. Stops likely wiped out for many traders.
Weakness now showing around this region.
I prefer to go for high risk/high reward scenarios with small stops for maximum profit. Nice potential rise back to the 1.51200 region on the cards now.
Potential spikes down to 1.50200 so be cautious.
Not trading for now, just holding out as we're currently in 'No man's land'. As we remain consolidated between $0.3300 - $0.33500 I'm happy to stay out for now.
Awaiting a break lower ideally to the highlighted region shown around $0.32500-$0.32550.
Will be eyeing up potential long opportunities from this zone should it be met.