$EUR/USD - BE CAREFUL OF EVENT TRADING -> NET +1.68%
Hey everyone,
Managed to trade a quick scalp on the EUR/USD. Prior to my entry there was the German Manufacturing PMI coming out (was released -ve). Usually the price movements on that kind of event are not anything major however on this occasion the pair plunged by about 50 pips shortly after its release. It goes to show that you should never underestimate news events, be it strong / weak impact it's good to always have them at the back of your mind especially as a day-trader.
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Trade (1) - BUY
Entry @ 1.13021
Exit @ 1.13005
**NOTE THAT THESE TRADES HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
https://www.mql5.com/en/charts/10058081/eurusd-p-m5-pepperstone-limited
Follow and leave a like if you enjoyed this post and want to see more :)
Managed to trade a quick scalp on the EUR/USD. Prior to my entry there was the German Manufacturing PMI coming out (was released -ve). Usually the price movements on that kind of event are not anything major however on this occasion the pair plunged by about 50 pips shortly after its release. It goes to show that you should never underestimate news events, be it strong / weak impact it's good to always have them at the back of your mind especially as a day-trader.
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Trade (1) - BUY
Entry @ 1.13021
Exit @ 1.13005
**NOTE THAT THESE TRADES HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
https://www.mql5.com/en/charts/10058081/eurusd-p-m5-pepperstone-limited
Follow and leave a like if you enjoyed this post and want to see more :)
