The EURUSD is probably my favorite pair to love and hate, but there are clear levels to work with so let's do it.
1) there's a 55 pip range which will offer opportunities to buy and sell highs and lows. Ideally I'd like to short the range high, take partial profit at the low and allow a portion to run towards the weekly pivot. Likewise I'd like to buy the low and take a partial profit at the range high, leaving a portion to run for the possible break higher.
2) should the range break, we need to be ready to buy or short the break up or down, I expect 40-50 pips out of the break out up or down.
3) There's no real option 3, just make money and work towards world peace or something
1) there's a 55 pip range which will offer opportunities to buy and sell highs and lows. Ideally I'd like to short the range high, take partial profit at the low and allow a portion to run towards the weekly pivot. Likewise I'd like to buy the low and take a partial profit at the range high, leaving a portion to run for the possible break higher.
2) should the range break, we need to be ready to buy or short the break up or down, I expect 40-50 pips out of the break out up or down.
3) There's no real option 3, just make money and work towards world peace or something
Jared Johnson
Union Hedge Funds
Union Hedge Funds