Looking for some Income Generators tonight I found only a few possibilities:
Short on USD/JPY, EUR/USD and GBP/USD ... in addition, Klaus, a friend of mine trading the same strategy in Hamburg saw a trade setup on the EUR/AUD.
In the end I decided not to enter the trade on the USD/JPY because it was right on the edge of the criteria, and also to skip the GBP/AUD since the entry point would be only 50 pips from a previous level of support, and so the risk of the price retracing and stopping me out is too great.
That left only the EUR/AUD and the EUR/NZD and I placed both trades ... you can see that I placed the trades sometime after midnight, and so today's bar is already forming (both in the opposite direction from the entry points) ...
 |
| Short on EUR/AUD |
 |
| Short on EUR/NZD |
I'm expecting this price to pull back a bit further yet before it continues its decent.
This looks ready to go ... but it may take another day or so ...
Due to the lateness of the hour, I know I won't be up for the London session. So these will be my only trades for today.
So until tomorrow ...
Cheers,
Nick
I admire this article for well-researched content and excellent wording. Thank you for providing such a unique information here. etoro vs plus500
ReplyDeleteThe information you've provided is useful because it provides a wealth of knowledge that will be highly beneficial to me. Thank you for sharing about best bitcoin wallet Canada. Keep up the good work.
ReplyDelete