FX portfolio: Long EURUSD on a breakout

8 thg 10, 2016

We can look to enter longs if the Euro manages to break out above the last daily high next week.
NFP created strong volatility, which followed by a series of Fed speakers and oil data, led to a close near the highs after shaking everybody out (myself included). I managed to cover my short before losing any money, but my first long attempt failed.
We can try once again, if next week we break above resistance, which would create a rapid move to the upside, giving us a low risk opportunity. I reccomend risking 0.5 to 1% on each trade. this is no exception.

Have a nice weekend, cheers!

Ivan Labrie.

11 thg 10, 2016

Ghi chú

Price can't break above the resistance, I'm shorting if we break below last Friday's low, and cancelling pending buy stops.