Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
EURUSD has formed a channel on four hour chart and you can see it in the figure below:
Going short here would be good because it’s near the upper bond and we can put a tighter stop for our position.
But we have got a news for US. in 30 minutes and should have an impact on this pair, So do not trade it right now and wait for the news and if you want to trade it you have to go on smallest size.
I took a short at 1.3268 and I will move my stop to BE before news and let it ride after the news.
Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
Latest posts by admin (see all)
- Using Simple Moving Averages to clarify the Forex Market - November 13, 2017
- The Huge Benefits of Being a Scalper - November 6, 2017
- The ADX Methodology for Analysis, the Strengths and Values - November 4, 2017
Winner’s Edge Trading, as seen on: