Risk Management is Key.
Been watching this pair for a long time was stopped out a few months ago on over leveraged Shorts... trade was a success but the liquidity sweep me.
Smaller timeframes are starting to have a nice reversal structure.
We have some major euro news coming this following month / will be expecting a stop hunt high and a parabolic measured move.
A Nasty wick towards 0.94330 may happen so stay cautious with the lerverage and slowing build the position.
My Goal For this Trade is 600 pips / Runner / SL will be placedaccording to the chart and once we break high i will have no problem holding / hedging my position for the upper equity. We have Entered Long positions Directly @ 0.95400
Goodluck MatchettFX,
Been watching this pair for a long time was stopped out a few months ago on over leveraged Shorts... trade was a success but the liquidity sweep me.
Smaller timeframes are starting to have a nice reversal structure.
We have some major euro news coming this following month / will be expecting a stop hunt high and a parabolic measured move.
A Nasty wick towards 0.94330 may happen so stay cautious with the lerverage and slowing build the position.
My Goal For this Trade is 600 pips / Runner / SL will be placedaccording to the chart and once we break high i will have no problem holding / hedging my position for the upper equity. We have Entered Long positions Directly @ 0.95400
Goodluck MatchettFX,