Trading Euro pairs. EURUSD, EURCAD, EURGBP, EURJPY, EURAUD, EURNZD.
I don't trade EURCHF.. SNB currency intervention.
I use 30 minute charts. An example of possible trade from today at 13:30 server time.
The Euro Index.
Price predominantly above it's moving average, moving average has moved higher to meet price.
The Gold/Euro.
Price also predominantly above it's moving average, moving average moved higher and price moved lower.
The Currency Strength Indicator.
Although the Euro has weakened, nothing else has particularly strengthened against it apart from the Pound.
CAD & USD are looking like the two weakest.
The Trade.
The pair is chosen, and the trade is placed at 13:30. The Take Profit is set at 2R. Stop Loss 1R.
R = the average true range of the 30 minute bar based on the last 25 periods.
I don't trade EURCHF.. SNB currency intervention.
I use 30 minute charts. An example of possible trade from today at 13:30 server time.
The Euro Index.
Price predominantly above it's moving average, moving average has moved higher to meet price.
Attached Image
The Gold/Euro.
Price also predominantly above it's moving average, moving average moved higher and price moved lower.
Attached Image
The Currency Strength Indicator.
Although the Euro has weakened, nothing else has particularly strengthened against it apart from the Pound.
CAD & USD are looking like the two weakest.
Attached Image
The Trade.
The pair is chosen, and the trade is placed at 13:30. The Take Profit is set at 2R. Stop Loss 1R.
R = the average true range of the 30 minute bar based on the last 25 periods.
Attached Image