An active EUR/USD market is the story of the day. A test of the 38% Fibonacci retracement on the daily time frame may be in order for early next week. Here is the trade:
1) Entry: BUY 1.1715
2) Stop: 1.1674
3) Profit Target: 1.1745
4) Risk vs Reward: 41/30
The R/R ratio is not the best, but this is a short-term position trade. It will stay on the board until elected or the swing high at 1.1839 is wiped out.
1) Entry: BUY 1.1715
2) Stop: 1.1674
3) Profit Target: 1.1745
4) Risk vs Reward: 41/30
The R/R ratio is not the best, but this is a short-term position trade. It will stay on the board until elected or the swing high at 1.1839 is wiped out.
