See daily chart of EURUSD below for the discussion that follows.
EURUSD is approaching a very important support level. If it gets there I will be looking to go long if the candlesticks confirm the level as support. I do suspect that it might bounce before the level is reached though.
I did go long AUDNZD (from last week’s post) and closed for a loss smaller than I initially risked. I’m still watching that level.
I never entered GBPCAD (post from 2 weeks ago). It did test that level only this past week but I was already in GBPAUD at the time so decided not to get involved.
Remember to always have your own trading plan in place and never follow other people blindly. Always know where you will be proven wrong on any given trade and have stops in place. Honor those stops and never ever bet the farm.
On Ideas: 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