There's a big weekly trend active in 
EURUSD since two weeks ago, the dip that happened this week gave an interesting opportunity to go long with a good reward to risk ratio and 60% probability of hitting the first box target, or as high as the 2nd box on chart, within 7 weeks.
I'm buying at market open since I missed the ideal entry. The trade idea remains valid, and it might be a good addition for a balanced portfolio considering the Iran situation.
Oil correlated assets are a bit overextended too, and Iran's influence over oil prices is likely exaggerated judging by the reaction of #USOIL to the US attack, making airlines, oil correlated currency pairs an interesting target for speculation too. Think, EURNOK, or CAD pairs, or possibly even MXN.
Cheers,
Ivan Labrie.
EURUSD since two weeks ago, the dip that happened this week gave an interesting opportunity to go long with a good reward to risk ratio and 60% probability of hitting the first box target, or as high as the 2nd box on chart, within 7 weeks.I'm buying at market open since I missed the ideal entry. The trade idea remains valid, and it might be a good addition for a balanced portfolio considering the Iran situation.
Oil correlated assets are a bit overextended too, and Iran's influence over oil prices is likely exaggerated judging by the reaction of #USOIL to the US attack, making airlines, oil correlated currency pairs an interesting target for speculation too. Think, EURNOK, or CAD pairs, or possibly even MXN.
Cheers,
Ivan Labrie.
Trade active
Low risk buy here.
Note
We should see some upside action after NFP data is out, if we got the chart setup right. Risk is very low anyways.
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.