In today’s EUR/USD forecast I am looking for the pair to continue moving higher. I would like to see a pullback to the 1.3590 level before it reverses. I’ll look for this to happen between 14:30 to 18:30 (GMT+ 7).
Trade Review- In Monday’s Forecast I said
“However I would like to see price break 1.3594 to confirm that the cycle is up first. Then ideally I would like price to pullback to 1.3580 to enter. However things may not play out that way and price could just blast up through the 1.3594 entry point.”
http://i2.wp.com/forexswingtrading.c...size=250%2C250
As you can see I called the entry correctly, and then we got a pullback, but only to 1.3585. The pair did move up, but not as much as I would have liked it to. I ended up making about 8 pips. I closed because I didn’t like the VSA on the 4 hr chart.
Trade Review- In Monday’s Forecast I said
“However I would like to see price break 1.3594 to confirm that the cycle is up first. Then ideally I would like price to pullback to 1.3580 to enter. However things may not play out that way and price could just blast up through the 1.3594 entry point.”
http://i2.wp.com/forexswingtrading.c...size=250%2C250
As you can see I called the entry correctly, and then we got a pullback, but only to 1.3585. The pair did move up, but not as much as I would have liked it to. I ended up making about 8 pips. I closed because I didn’t like the VSA on the 4 hr chart.