Good day to you all,
First trade of the day is an 18.4 or 19.10 as I beleive there's a triangle forming. SL is 30 pips at the bottom of the daily range, reverse orders in place.
USDX is forming a diamond in my opinion, or at least a valid triangle, and its next border touch and possible breakout should occur on the bottom right.
We shall wait and see, but I'd expect e/u to move quickly if a break does occur. So my worst case scenario is stops hit, but loss recovered.
Good trading all
First trade of the day is an 18.4 or 19.10 as I beleive there's a triangle forming. SL is 30 pips at the bottom of the daily range, reverse orders in place.
USDX is forming a diamond in my opinion, or at least a valid triangle, and its next border touch and possible breakout should occur on the bottom right.
We shall wait and see, but I'd expect e/u to move quickly if a break does occur. So my worst case scenario is stops hit, but loss recovered.
Good trading all