EURUSD Straddle
Whatever EURUSD plans on doing, I want in.
Due to the previous daily range, daily candle structure, and consistent low spread, EURUSD looks like a good candidate for a straddle set up.
Sell limit order of 0.13 lots at 1.06734 with a 10 pip stop at 1.06834. Risk is = 1/4 of 1% of account equity which is $12.50. Expiry set to 10 minutes before London close tomorrow.
Buy limit order of 0.13 lots set at 1.05950 with a 10 pip stop at 1.05850. Risk is = 1/4 of 1% of account equity which is $12.50. Expiry set to 10 minutes before London close tomorrow.
No take profit target will be generated yet. I'm going to ride this out to stop loss or until I choose to close the trade.
Due to the previous daily range, daily candle structure, and consistent low spread, EURUSD looks like a good candidate for a straddle set up.
Sell limit order of 0.13 lots at 1.06734 with a 10 pip stop at 1.06834. Risk is = 1/4 of 1% of account equity which is $12.50. Expiry set to 10 minutes before London close tomorrow.
Buy limit order of 0.13 lots set at 1.05950 with a 10 pip stop at 1.05850. Risk is = 1/4 of 1% of account equity which is $12.50. Expiry set to 10 minutes before London close tomorrow.
No take profit target will be generated yet. I'm going to ride this out to stop loss or until I choose to close the trade.
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