Technicals- EURUSD making up almost half the dollar; is at the Monthly Trend. This trend line has shown respect over the last 5 months. This trend line will produce very good risk reward setups, for either the Long or Short.
I let trades come to me, and nothing has shown confirmation of its direction just yet. either a roll limit, or confirmation needs to be met to enter this trade.
How will a take advantage of its price direction?
Double bottom is usually a reasonable confirmation to enter minimal exposure on a long trade, sort of like a peek position. On a lower time frame maybe 1hr or mins ; observing momentum, and candle closes; in the favor with broken structures in favor of the trade. To consider a bill out for a full position.
Fundamentals- Feb 27, 08:00 Harmonised Index of Consumer Prices (YoY)
Be Observant.
I let trades come to me, and nothing has shown confirmation of its direction just yet. either a roll limit, or confirmation needs to be met to enter this trade.
How will a take advantage of its price direction?
Double bottom is usually a reasonable confirmation to enter minimal exposure on a long trade, sort of like a peek position. On a lower time frame maybe 1hr or mins ; observing momentum, and candle closes; in the favor with broken structures in favor of the trade. To consider a bill out for a full position.
Fundamentals- Feb 27, 08:00 Harmonised Index of Consumer Prices (YoY)
Be Observant.