i have placed a short on EURUSD for a few reasons firstly the fundamentals the USD has gained an incredible amount of strength after last NFP data looked very strong with unemployment coming to an 8.4%. The ECB has spoke about the stimulus of 750B to support the EU this means a lot of money printing "Brrrrr" will be going on which will devalue the currency. EURUSD long term has been in a downtrend on the weekly & monthly chart which is my long-term bias.
it has been trading in this ascending channel with my method the probability of it breaking and eating its profits is more than likely (probability game). We have now seen it break and i am expecting further downfall. Risk To Reward Is 1:2 which is considerably good. let me know what you guys think and tell me your opinion i am an open book.
it has been trading in this ascending channel with my method the probability of it breaking and eating its profits is more than likely (probability game). We have now seen it break and i am expecting further downfall. Risk To Reward Is 1:2 which is considerably good. let me know what you guys think and tell me your opinion i am an open book.
