See daily chart of EURUSD below for the discussion that follows.
EURUSD broke out of a consolidation this past week. Note the false breakout a couple of weeks ago, making this current one the second attempt. If it can retrace back to support (previous resistance) and I get confirmation in terms of candlesticks, I will consider going long.
GBPNZD (post from last week) did bounce in the form of a bullish engulfing candle this past Friday. I will look to go long if I can get a retrace into the body of the bullish engulfing candle.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS