Hi all
Just my 2 cents worth. I wouldnt go against the EU trade as
1) counter trend. If you want to go in make sure u have loads of reasons for doing so
2) Trendline. It has yet to touch the upper trendline, plus the MAs is in the way...u may want to see some price weakness before going in.
3) MACD is only a confirmation and visual guide. Not a signal.
4) Price momentum still intact. You probably like to see the price touching the 8ma few times before gg against the trade.
I went in for usd/CHF...20pips profit good enuff in a slow week..so far.
cheers
Just my 2 cents worth. I wouldnt go against the EU trade as
1) counter trend. If you want to go in make sure u have loads of reasons for doing so
2) Trendline. It has yet to touch the upper trendline, plus the MAs is in the way...u may want to see some price weakness before going in.
3) MACD is only a confirmation and visual guide. Not a signal.
4) Price momentum still intact. You probably like to see the price touching the 8ma few times before gg against the trade.
I went in for usd/CHF...20pips profit good enuff in a slow week..so far.
cheers