5-wave potential completion EURUSD part 2
Continuation on my post: tradingview.com/v/9HBoSnOH/
The Euro continued to go lower and the pattern seems very close to completion. In addition both CNBC and Boomberg ran headline articles earlier today suggesting euro/dollar parity and lower soon. This is a high risk counter-trend trade so respect your stops and use position sizes in accord with sound money management principles.
Suggestion: add remaining 50% position now
Target: exit with 50% at 1.14-1.15. Close remaining position at 1.18-1.20
Stop: 1.04 level
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Join me on my blog:
highprotrading.com - A diary style blog focused on risk management, emotional aspects of trading and best practices where I follow a live portfolio, list all trades, and track its performance through time.
Thank you,
HighProTrading
Blog: highprotrading.com
Twitter: twitter.com/HighProTrading/
StockTwits: stocktwits.com/HighProTrading
The Euro continued to go lower and the pattern seems very close to completion. In addition both CNBC and Boomberg ran headline articles earlier today suggesting euro/dollar parity and lower soon. This is a high risk counter-trend trade so respect your stops and use position sizes in accord with sound money management principles.
Suggestion: add remaining 50% position now
Target: exit with 50% at 1.14-1.15. Close remaining position at 1.18-1.20
Stop: 1.04 level
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Join me on my blog:
highprotrading.com - A diary style blog focused on risk management, emotional aspects of trading and best practices where I follow a live portfolio, list all trades, and track its performance through time.
Thank you,
HighProTrading
Blog: highprotrading.com
Twitter: twitter.com/HighProTrading/
StockTwits: stocktwits.com/HighProTrading
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.