Hey traders so continuing to watch the Euro.
Don't you just love it when a trade plan comes together and everything goes as you expect?
Don't get too excited normally we only get our forecasts right around 50% of the time!
However this one is working out well so far so now where to from here?
The Trend is your Friend until it bends or breaks.
Same plan wait for the pullback or profit taking from this rally when it drops buy again at the trendline. Im not going to say it's always this easy but you don't need indicators to draw a straight line and connect 3 bars.
Trading can be simple or complicated the easier we keep it the better imo.😁
Place stop below trendline or support as US Dollar Continues to weaken this trend should continue to move in our favor.
If Bearish I normally don't recommend counter trend trading because it can be difficult. So unless I see the US Dollar Index Bottom I don't think the trend will have any major changes.
Another thing if you are still long you can enter more positions on this next pullback. That way you can build a larger position in a trending market.
It's like playing the waiting game be patient and eventually she will come to you!
Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Good Luck & Hope This Helps Your Trading 😃
Clifford
Don't you just love it when a trade plan comes together and everything goes as you expect?
Don't get too excited normally we only get our forecasts right around 50% of the time!
However this one is working out well so far so now where to from here?
The Trend is your Friend until it bends or breaks.
Same plan wait for the pullback or profit taking from this rally when it drops buy again at the trendline. Im not going to say it's always this easy but you don't need indicators to draw a straight line and connect 3 bars.
Trading can be simple or complicated the easier we keep it the better imo.😁
Place stop below trendline or support as US Dollar Continues to weaken this trend should continue to move in our favor.
If Bearish I normally don't recommend counter trend trading because it can be difficult. So unless I see the US Dollar Index Bottom I don't think the trend will have any major changes.
Another thing if you are still long you can enter more positions on this next pullback. That way you can build a larger position in a trending market.
It's like playing the waiting game be patient and eventually she will come to you!
Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Good Luck & Hope This Helps Your Trading 😃
Clifford
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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.
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.