EUR/USD potential for drop - 5th Nov onwards
I will be looking to open a short position on this pairing, for reasons technical and fundamental. I will be watching the non-farm payroll closely to see confirmation for my trade.
My technical reasons include; horizontal resistance between 1.146-47 and a potential down-trend line (yet to be seen).
My fundamental reasons include; recent warmth in the US/China relationships and the instability in EU due to Merkel's resignation and Italy.
However, If the price breaks this trend line and goes for a re-test I will consider taking up a long position.
Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. Stick to your trading plan, no matter the market conditions.
My technical reasons include; horizontal resistance between 1.146-47 and a potential down-trend line (yet to be seen).
My fundamental reasons include; recent warmth in the US/China relationships and the instability in EU due to Merkel's resignation and Italy.
However, If the price breaks this trend line and goes for a re-test I will consider taking up a long position.
Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. Stick to your trading plan, no matter the market conditions.
Dagangan aktif
Steep drop after NFP and various data releasesNota
I will be looking for a Take Profit at 1.13Nota
I have moved my stop-loss to break-even at 1.145Dagangan ditutup: hentian tercapai
Although my stop was reached - I still made 70+ pips on this trade
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.