I am setting up for this one. Very nice Risk/Reward (RR).
Kareem
Kareem
Arb-Trader
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DislikedHi Kareem,
I have just checked out your RSI (21) on my stocks
- ALL my RSI S/R levels, which are the basis of my trading do not work, so most of what I have previously posted will be meaningless
Conclusion: Stocks and FX are two entirely different animals
Sorry for wasting your time
Trade well
Peterhttp://cdn.forexfactory.com/images/icons/icon14.gifIgnored
DislikedI actually went ahead and took the trade, short EURUSD. It seems as a low risk trade. Also I feel as many will run to the USD now. I usually don't trade over the weekend, but this one felt good. I guess we will know Sunday night!
KareemIgnored
DislikedHi Kareem ! You have remaind at the 1 hr chart ? You look at the bigger timeframe for your trade decision ?
Usually I don't trade eurusd , but look at the yellow trendline how price respect it ,and rsi the 50 level .
Thanks , hope you understand "my" englishIgnored